Sensex, Nifty may open flat with negative bias, Aviation stocks in focus today

By: | Updated: November 18, 2015 8:42 AM

The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Wednesday tracking SGX Nifty and mixed global markets.

Sensex, bse, nifty, nseThe BSE Sensex and NSE Nifty are likely to open flat with negative bias on Wednesday tracking SGX Nifty and mixed global markets.(Photo: PTI)

The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Wednesday tracking SGX Nifty and mixed global markets.

At 8.29 am (IST), SGX Nifty was down 18 points, or 0.23 per cent, at 7,830.

Asian share markets were cautious on Wednesday as another bomb scare in Europe days after the deadly Paris attacks left investors in a contemplative mood, giving a boost to safe-haven US bonds and the dollar. Hang Seng and Shanghai were down 0.07 per cent and 0.29 per cent. Nikkei was up 0.79 per cent in the morning trade.

Wall Street shares ceded earlier gains to end almost flat on Tuesday after German authorities called off a soccer game which German Chancellor Angel Merkel was due to attend, citing threats of bombing, sparking fears of another attack coming only days after the deadly assault in Paris. Dow Jones Industrial Average closed 0.04 per cent up at 17,489.50.

Back home, the benchmark BSE Sensex on Tuesday jumped over 104 points to 25,864.47, helped by value-buying in beaten-down stocks and a firm global trend after concerns about impact of Paris attacks receded.

Aviation stocks will remain in focus on Wednesday as Competition Commission on Tuesday slapped penalties totalling Rs 258 crore on Jet Airways, IndiGo and SpiceJet for cartelisation in fixing fuel surcharge for transporting cargo.

(With inputs from agencies)

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