BSE Sensex to open down, banks watched
MUMBAI (Reuters) - The BSE Sensex is set to open lower on Friday in tandem with weak world markets on renewed concerns about the outlook for the global economy.
Banks will be in focus after a finance ministry official said on Thursday a bill to reform insurance sector was unlikely to be cleared by the parliament's winter session.
The MSCI's measure of Asian markets other than Japan was down 0.8 percent by 0324 GMT, while Japan's Nikkei shed 1.3 percent.
The Nifty India stock futures in Singapore were down 0.6 percent, indicating the domestic market will start lower.
Shares slumped globally on Thursday as investors reassessed optimistic expectations for a rebound in world economic growth.
The 30-share BSE index fell 1.25 percent on Thursday to 16,785.65, its lowest close in a week.
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