Shares of FMCG, refinery, banking and power sectors were the main losers. Foreign institutional investors (FIIs) sold shares worth a net Rs 1,234.02 crore on Tuesday, as per provisional data from the stock exchanges.
    
The Sensex opened higher at 20,241.12 and advanced further to a high of 20,254.82 on initial strong buying due to firm global advices. However, it declined afterwards to 20,076.10 on fresh selling before quoting at 20,094.92 at 1030 hrs, showing a loss of 117.01 points, or 0.58 percent, from its last close. The NSE 50-share Nifty also moved down by 27.85 points, or 0.46 percent, to 5,973.05 at 1030 hrs.
    
Major losers were NTPC (2.00 percent), ITC (1.57 percent), Reliance Ind (1.33 percent), BHEL (1.32 percent), Tata Motors (1.27 percent), Bharti Airtel (1.12 percent), Hindalco (1.07 percent) and Bajaj Auto (1.06 percent).
    
Asian stocks edged higher in their early trade after US shares rebounded overnight and Japanese companies posted earnings that cheered investors. Key benchmark indices in Indonesia, Japan, Singapore and South Korea were up 0.31-0.49 percent while indices in Hong Kong and Taiwan were off 0.22-2.68 percent. Stock markets in China will remain closed till February 7, 2014 for the Lunar New Year holidays.

(Agencies)

Latest News  from Business News Desk