BSE Sensex seen lower; Reliance Ind watched

Thu, Nov 5 09:14 AM

Enlarge Photo People watch a large screen displaying India's benchmark share index on the facade of the...

MUMBAI (Reuters) The BSE Sensex is expected to start shakily on Thursday, taking cues from lower Asian peers and investor caution following wide swings over the past two days.

Energy giant Reliance Industries will be in focus as the hearing in its gas dispute with Reliance Natural Resources is expected to resume during the day.

On Wednesday, one of the judges withdrew from the Supreme Court hearing, citing potential conflict of interest.

S.P. Tulsian, an independent consultant, said the market's rebound on Wednesday after a sharp slide the previous day had unnerved investors.

"People are cautious. This kind of volatility has created confusion for investors," he said.

On Wednesday, the 30-share BSE index closed up 3.29 percent at 15,912.13, after falling 8.4 percent over the previous six sessions.

Asian shares were trading lower with the MSCI's measure of markets other than Japan dropping 0.7 percent by 0325 GMT, while Japan's Nikkei was down by more than a

percent.

The Nifty India stock futures in Singapore were trading 0.6 percent lower, indicating the domestic market would start down.

(For more news on Reuters Money visit http://www.reutersmoney.in)

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