Sensex, Nifty Fall For 5th Day In A Row Despite Arun Jaitley Assurances

Benchmark market indices Sensex and Nifty fell for the fifth consecutive day on Monday, despite Finance Minister Arun Jaitley's assurances that the government would support financial markets. "The government will take all measures to ensure liquidity to NBFCs (Non-Banking Finance Companies), mutual funds and SMEs (small and medium-sized enterprises)," Arun Jaitley said on Monday. Previously, a joint statement released during the weekend from the Reserve Bank of India and SEBI had assured investors that they were monitoring the situation and would take necessary steps.