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The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 focuses at 7904.05. The Sensex is down 16.68 focuses at 25863.70.

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Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.

Public sector banks in the nation are likely to have been allowed some relief in acknowledgment of non-performing loans (NPLs), as the Reserve Bank of India (RBI) may have exempted them from providing for bad loans in case of certain stressed companies, sources say.