A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. REUTERS

Indian stocks fell on Tuesday as investors looked forward to macroeconomic data due later in the day amid a mixed trend in Asia.

Asian shares took a breather on Tuesday after three straight sessions of gains. MSCI's broadest index of Asia-Pacific shares outside Japan dithered either side of flat having bounced 2 percent in the past three sessions.

Investors continued their policy vigil with the Federal Reserve set to end its two-day meeting on Wednesday, while the European Central Bank meets on Thursday.

Back hoome, index of industrial production (IIP) data and retail inflation will be released after market hours today

The S&P BSE Sensex fell 0.68 percent at 33,227 while the broader NSE Nifty shed 0.80 percent to 10,240.

Among the top Sensex laggards, Coal India fell 2.4 percent, Hero MotoCorp lost 2.2 percent, Cipla declined 2 percent while Tata Steel was down 1.9 percent.

MT Educare's shares dropped 5 percent after the company swung to a loss in the September quarter.

But Dr Reddy's Laboratories jumped 3 percent after the US Food and Drug Administration issued an Establishment Inspection Report to the company's formulations manufacturing plant in Hyderabad.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.