BSE Sensex to start lower, Reliance watched

The BSE Sensex should open lower on Tuesday, tracking weak Asian and U.S. markets after comments by the Federal Reserve chairman sparked concern about the economic recovery.



Ben Bernanke said inflation could remain subdued, but the U.S. unemployment rate could remain elevated for some time.



Energy major Reliance Industries will be watched after the Economic Times reported it was in talks with banks for $8 billion to $10 billion loan to back its bid for bankrupt chemical company LyondellBasell Industries.



A company spokesman declined comment on the report.



The MSCI's measure of Asian markets other than Japan was down 0.2 percent by 0330 GMT, while Japan's Nikkei dropped half a percent.



The Nifty India stock futures in Singapore were down 0.1 percent, indicating the domestic market may start lower.



On Monday, the 30-share BSE index closed down 0.7 percent at 16,983.14.


siefpaisa.com

BSE sensex opened on a positive note today. It is a highly sensitive representative index of Bombay Stock Exchange. To sustain in market on long term basis by earning good returns it is required to learn about market updates timely and accordingly frame a wise trading strategy.