The S&P BSE Sensex hovered around 52,600 levels, down 130 points and the Nifty50 index fell below the 15,800-mark. Asian Paints, Reliance Industries, and Larsen & Toubro were the top Sensex gainers. On the other hand, HDFC Bank and Kotak Mahindra Bank were the top laggards.
The Nifty sectoral indices were mixed, with Nifty Private bank, down 0.4 per cent, taking the deepest cuts.
The broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.37 per cent and 0.47 per cent higher, respectively.
IRCTC, Ruchi Soya, Cochin Minerals & Rutile, DCM, Omaxe, Sintex Industries, and Suzlon Energy are among the list of companies that will announce their quarterly earnings on Tuesday.