Market
declined for the fifth straight session as investors shied away from taking any
big bets on rising geopolitical concerns dragging Sensex & Nifty to their
two-week lows. Sensex fell for fifth day in a row while the broader Nifty
settled below its crucial psychological level of 8100 on Tuesday on the back of
selloff in banking, pharma and auto shares.
The
Nifty breached the 8100 mark while the Sensex too traded in the negative zone
even as Finance Minister Arun
Jaitley said that the RBI is releasing adequate currency everyday
post demonetization. Shares of non-banking finance companies are
likely to fall further as sentiment takes a hit due to uncertainty over
earnings after demonetization. S&P BSE Sensex is trading at 26324 down
44 points, while the Nifty is trading at 8089, down 16 points.