The market opened marginally lower ahead of RBI's fifth bimonthly monetary policy review. The Sensex fell 40.80 points to 28518.82 and the Nifty declined 12.60 points to 8543.30.
Bajaj Auto, Mahindra & Mahindra, HDFC Bank, Gail India, Infosys, BPCL, DLF and Asian Paints were under pressure in early trade, down 0.7-2 percent. However, ONGC, HUL, Sun Pharma, ITC, NTPC, Cairn India, Jindal Steel and Zee Entertainment gained 0.7-2 percent.
The Indian rupee opened flat at 61.99 per dollar on Tuesday as against previous day's closing value of 62.02 a barrel.
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