Market down for 4th straight day; #Sensex sheds 102 points

The benchmark BSE Sensex fell for the fourth straight session today by 102.15 points to 27,459.23 as realty and auto shares dropped on receding hopes of a rate cut by the Reserve Bank and mixed bag of corporate earnings.

After resuming in the positive zone, the BSE barometer gave up all of its gains as investors preferred to remain on the sideline ahead of the RBI’s policy review on August 4.

Brokerage houses including, Morgan Stanley, RBI and DBS say the apex bank will maintain status quo key lending rate.