The BSE Sensex falls on caution ahead of the U.S. Federal Reserve's two-day policy meeting, at which it is widely expected to begin withdrawing stimulus, followed by the RBI policy review on September 20.
The BSE Sensex falls 0.09 percent while the broader Nifty is down 0.19 percent at 1337 IST.
Among blue chip shares, Housing Development and Finance Corporation Ltd (HDFC.NS) falls 1.9 percent while Sun Pharmaceutical Industries Ltd (SUN.NS) is down 3.77 percent.
Asian shares eased and the dollar firmed on Tuesday as investors consolidated positions ahead of the U.S. Federal Reserve's policy meeting.
Ranbaxy Laboratories Ltd (RANB.NS) gains 2.64 percent on value buying after a ruling from the U.S. health regulator on its Mohali factory triggered the worst single-day fall in its stock on Monday, wiping off a third of its market value.
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