Market fell for third successive day on Monday with the Nifty breaking 7850 level intraday, reacting to weak global cues.
Sensex fell 159.21 points or 0.62 percent to 25678.93 and the 50-share Nifty declined 44.25 points or 0.56 percent to 7855.05.
According to moneycontrol.com, experts expect the consolidation with a negative bias to continue in near term.
Andrew Holland of Ambit Investment Advisors said that even though he is not aggressively betting on markets falling, cues from Japan and the US will be closely watched in next few days. Holland's guess is liquidity-driven markets could unexpectedly get a shock.