The Indian equity benchmarks fell for second straight session on Tuesday dragged by weakness in information technology, FMCG and financial services shares. The benchmarks staged a gap up opening however owing to weakness in heavyweights like HDFC, HDFC Bank, Infosys, HCL Technologies, TCS and UltraTech Cement in noon deals, the benchmarks erased intraday gains. The Sensex fell over 1,000 points from the day’s highest level and Nifty 50 index touched an intraday low of 14,207 after hitting an intraday high of 14,527.The Sensex fell 0.51 per cent or 244 points to end at 47,706 and Nifty 50 index declined 63 points or 0.44 per cent to close at 14,296.