The Bombay Stock Exchange benchmark Sensex fell by over 233 points in early trade on Tuesday, snapping two-session winning streak, on selling by foreign funds and retail investors following weak global cues.

The 30-share index, which has gained over 800 points in the past two sessions, plunged by 233.49 points at 10,302.67 after stocks of oil and gas, capital goods and metal sectors moved down.

Similarly, the wide-based National Stock Exchange's Nifty moved down by 61.25 points at 3,087.

Stock brokers said selling pressure gathered momentum on the domestic bourses due to selling by foreign funds and profit-taking by retail investors at improved levels, largely in line with weakening global equity markets.

Most valuable and most-weighted Reliance Industries stocks dipped by Rs 47.95 or 3.68 per cent at Rs 1,255.10.

Other losers were State Bank of India, ICICI Bank, HDFC Bank, Reliance Infra, BHEL, Larsen and Toubro, Tata Steel, Sterlite Industries, Tata Motors, Bharti Airtel, DLF Ltd, HDFC Ltd, Infosys Technologies, Satyam Computers and Tata Consultancy and ACC.

Bucking the trend, RCom stocks gained Rs 1.70 at Rs 237.10, while Tata Power was up by Rs 7.45 at Rs 815.90.

Meanwhile, the US Dow Jones Industrial Average closed 0.82 per cent down.