Sensex to open lower; Maruti eyed

The BSE Sensex may open lower on Wednesday,tracking weaker global markets.

The BSE Sensex may open lower on Wednesday,tracking weaker global markets as rising risk aversion among investors after a ratings downgrade of Greece caused a worldwide shift to safe-haven assets.

Top car maker Maruti Suzuki will be in focus after sources said Volkswagen AG plans to take a stake of up to 20 per cent in its Japanese parent,Suzuki Motor Corp.

Metals stocks such as Sterlite Industries and Hindalco will be watched as the outlook for metals prices turned bleak on increasing risk aversion,dealers said.

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Asian shares were trading lower with the MSCI’s measure of Asian markets other than Japan down 0.8 per cent by 0329 GMT,while Japan’s Nikkei shed 1.2 per cent.

Nifty India stock futures in Singapore were down nearly 1 per cent,indicating the local market may open weaker.

On Tuesday,the 30-share BSE Index closed 1.44 per cent higher at 17,227.68.

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