Mumbai : Continuing its slide for the sixth straight session, the BSE benchmark Sensex fell further by 93 points in opening trade on Tuesday on continued selling by foreign funds amid concerns over rising inflation.

The 30-share barometer, which has lost nearly 700 points in the previous five sessions, moved down further by 92.80 points, or 0.57 percent, to 16,123.04 in opening trade.

All sectoral indices, led by healthcare, auto and power stocks, fell up to 0.45 percent.

Similarly, the wide-based National Stock Exchange index Nifty declined by 39.25 points, or 0.79 percent, to 4,868.55.

The trading sentiments remained bearish on continued selling by funds and retail investors on concerns that the rise in inflation will reduce chances of further rate cuts by the Reserve Bank and downgrading of ICICI Bank, HDFC Bank and Axis Bank by rating agency Moody’s, brokers said.

A deprecating rupee, which plunged to record low against the US dollar was another dampening factor, they added.

In the Asian region, the Japan’s Nikkei fell by 1.38 percent, while Hong Kong’s Hang Seng shed 0.07 percent in early trade on Tuesday.

The US Dow Jones Industrial Average ended 0.98 percent in Monday’s trade.