Sensex down after four days of gains; autos hit

Reuters Market Eye - The Nifty is down 0.35 percent and the Sensex is lower 0.37 percent, heading towards their first fall in five sessions.

Automakers lead falls on concern over slowing vehicle sales: Tata Motors is down 2.5 percent, while Bajaj Auto falls 2.7 percent.

Recent outperformers fall, with Larsen & Toubro down 1.5 percent after adding 4.3 percent in the previous four sessions, while mortgage lender HDFC falls 1.12 percent.

Adani Power Ltd gains 13 percent after regulators allowed the power utility to raise tariffs for electricity on a temporary basis, in a ruling that could boost other firms grappling with erratic fuel supplies.

 

(Reporting by Manoj Dharra)