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BSE Sensex seen down; TCS, Maruti in focus

Source REUTERS
Last Updated: Mon, Jan 18, 2010 08:50 hrs
BSE Sensex seen down; TCS, Maruti in focus

The BSE Sensex is set to open lower on Monday, taking cues from the weakness in global equities, after second-largest U.S. bank JPMorgan & Co reported deep loan losses.

Top outsourcer Tata Consultancy Services could rise, after it glided past street estimates with a 33 percent rise in quarterly profit as demand for outsourcing surged and prices stabilised.

Top car maker Maruti Suzuki will be watched after it said on Saturday it has raised the prices of some of its models to recover the rise in input costs.

Engineering and construction firm Jaiprakash Associates also will be closely tracked, as it announces its December quarter results.

Asian shares were trading lower with the MSCI's measure of Asian markets other than Japan down 0.7 percent by 0243 GMT, while Japan's Nikkei shed 1.8 percent.

The Nifty India stock futures in Singapore were down 0.6 percent, indicating the domestic market may open lower.

On Friday, the 30-share BSE index ended down 0.17 percent at 17,554.30.

(Editing by Kim Coghill)

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



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