Falling for a fifth straight session, the benchmark BSE Sensex tumbled by 378.14 points on Tuesday to close at a six-week low of 25,743.26 as domestic shares fell on the last day of Samvat year 2071 post the outcome of Bihar elections and subdued quarterly earnings of key corporates.
Bears continued to hammer indices for a second day post outcome of Bihar elections as investors see possible roadblock to key economic reforms.
“Besides the overhang of the Bihar results, sentiments were downbeat in reaction to weak global markets and lack of buying interest among the participants,” said Jayant Manglik, President, Retail Distribution at Religare Securities.