The stock markets on Tuesday, ran out of steam after a 102-point initial rally and ended 54.06 points lower as investors turned cautious ahead of the UPA-Left meeting on the Indo-US nuclear deal. 
The market, however, continued to be resilient due to the strong growth in economy, which analysts feel, will not be affected by political instability caused by the deal. Rising to an intra-day high of 15,698.98 points at the outset, the Bombay Stock Exchange (BSE) 30-share Sensex later moved downward to end at 15,542.77 on Tuesday, down 0.35 per cent from Monday’s close of 15,596.83 points.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) fell back from the day’s high of 4,538.60 points and closed at 4,497.05, a net fall of 10.80 points or 0.24 per cent from Monday’s close of 4,507.85.
Meanwhile, ahead of the first UPA-Left committee on the Indo-US nuclear deal, Congress members of the panel held discussions to decide their strategy for the crucial talks. FIIs were seen making selective purchases but some hedge funds booked profits at the current levels, market players said.