Sensex dipped by 55 points on profit booking.
The benchmark index opened marginally lower at 27,316 against the previous close of 27,320. It made a high of 27,328 and low of 27,177 before closing at 27,265. Turnover on BSE was down at Rs 3,427 crore against Rs 3,602 crore logged in on Monday.
On NSE, Nifty was down 21 points at 8,153.
Ashok Leyland jumped five per cent to Rs 41 after the company said it has bagged orders worth about Rs 1,500 crore to supply buses under JNNURM-II scheme.
Cipla gained two per cent to Rs 575. The company on Monday said it has entered into a commercial collaboration with UK-based S&D Pharma in the Czech Republic and Slovakia. The collaboration will enable Cipla to focus on its core therapy areas, while S&D Pharma will be the key partner for generics, it said.
Most aviation stocks gain on consistent fall in crude oil prices. SpiceJet was up four per cent at Rs 14 while Jet Airways was up three per cent at Rs 224.
The major gainers were Ashok Leyland (5%), NHPC (5%), Idea Cellular (5%), Bhushan Steel (5%), Jain Irrigation (5%) and Wockhardt (4%).
Prominent losers were Sobha (-4%), Unitech (-3%), Torrent Power (-3%), Nalco (-3%), GSPL (-3%) and Bata India (-2%).