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The Dow Jones Industrial Average fell 184.84 points, or 0.55%, at the open to 33,444.72

The company said it incurred a one-time expense of 1.51 billion rupees, while its input costs rose 4.6%."Looking ahead, in the shorter term, we do expect inflationary headwinds to continue," said Hina Nagarajan, chief executive of United Spirits.

The Mumbai-based company said consolidated net profit fell to 3.04 billion rupees ($37.26 million) in the three months ended Dec. 31. Analysts on average expected the company to report a profit of 3.82 billion rupees, according to Refinitiv IBES data.

This week traders are watching for more business data as corporate earnings season gathers momentum, offering clues to the health of economies around the globe.On the inventory side, U.S. stocks of crude oil and gasoline were expected to have risen last week while distillate stocks were forecast to fall, a preliminary Reuters poll showed on Monday.

The automaker is seen posting a consolidated net profit of Rs 285 crore, compared with a loss of Rs 1,516 crore a year ago, and a loss of Rs 945 crore a quarter ago. Tata Motors’ production in the December quarter rose 12% on-year to 221,416 units, due to strong demand in the domestic market, even as exports nearly halved.

“The Fed is really making some policy mistakes and it will pivot sometime in the first half this year”

Nifty bears were active around the 18,200 level, and the index remained under pressure throughout the day. It is stuck in a broad range between 17,900 and 18200, and a break on either side will lead to trending moves. The options data shows aggressive writing at the 18,200CE strike, and the lower-end support is visible at 18,000PE, where the put side has the most open interest.

Tata Motors is among a few key domestic companies that will announce third quarter earnings on Wednesday. >> For more such web stories click on the ET icon below

The U.S. is no longer the cleanest shirt in the global economic laundry," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank, who expects the dollar index to fall to 100 by end-March and the euro to rise to $1.10.

From the Sensex pack, Tata Motors and Maruti were the top gainers, rising over 3%. HCL Tech, HDFC Bank, HDFC, Asian paints, IndusInd Bank and TCS also closed with gains