Core sector growth slowed to 4.9% in November from 6.6% in October thanks to the government's note ban decision.
The BSE Sensex opened in the red on Tuesday, falling 61.06 points in early trade. The 30-share benchmark was trading at 26,534.39 after closing at 26,639.05 on Monday evening.
The weakness in the Sensex was borrowed from flat or subdued trade seen in the Asian markets on Tuesday, when they opened for trade after the New Year holidays.
According to a Reuters report, Asian stocks remained flat on Tuesday, uninspired by a surge in European markets to their highest in more than a year. MSCI's broadest index of Asia-Pacific shares outside Japan was little unchanged in early trade, the report said.
In the domestic market, the investors also remained cautious after government data showed that core sector growth in November slipped to 4.9% in November against 6.6% in October with the government's decision to demonetize Rs 500 and Rs 1000 notes on November 8 weighing on growth.
Core sector growth figures are released every two months.
Tata Motors' shares were trading up 0.75% at Rs 490.90 a day after the carmaker posted a 2% increase in its December vehicles sales. Tata Motors sold 40,944 units in the month against 39,973 units in the year ago period.
The shares of ICICI Bank and Oriential Bank of Commerce (OBC) -- both the banks cut their Marginal Cost-based Lending Rates -- were trading in the red. SBI's shares were trading at Rs 242.25, down Rs 1.35 or 0.55% from previous close while OBC's shares were trading at Rs 105.95 down Rs 1 or 0.94% from previous close.
The top losers on the bourse were Infosys Rs 988.60, down Rs 13 or 1.30%, JP Associates was down 3.14%, Hindustan Copper 2.74%, Indiabulls Housing Finance down 2.28%, DHFL down 1.86% and LIC Housing Finance down 1.57%.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Representational Image")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}