BSE Sensex down 60 points in early trade

auto,falling up to 0.90 per cent. The index had lost 890 points in the past seven sessions.

Similarly,the wide-based National Stock Exchange index Nifty fell by 20.10 points,or 0.36 per cent,to 5,613.75.

Brokers said continued selling by funds as well as retail investors on worries over domestic political stability and a weak trend in the Asian region in line with overnight

fall on the global markets dampened the trading sentiment.

Besides,approaching monthly expiry in the derivatives segment and financial year ending too triggered selling,they said.

In the Asian region,Hong Kong’s Hang Seng index shed 0.19 per cent,while Japan’s Nikkei fell 0.67 per cent in early trade today. The US Dow Jones Industrial Average ended 0.44 per cent lower in yesterday’s trade.

BSE Sensex hit as Cyprus crisis raises further fear,Nifty futures down,Suzlon eyed

(Reuters): GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange fell 0.49 percent,while the MSCI-Asia Pacific index excluding Japan is down 0.3 percent.

Asian shares fell and the euro was capped on Tuesday as investors contemplated potential flow-on risks from the Cyprus bailout scheme.

U.S. stocks fell on Monday on renewed concerns about the developments in Cyprus and the euro zone,which wiped away earlier gains that drove the S&P 500 index to less than a point away from its record close.

FACTORS TO WATCH

India to sell 120 billion rupees of treasury bills.

FINANCIAL/REGULATORY

L&T Finance to buy half of Future Generali general insurance JV.

ENERGY/COMMODITIES

Tamil Nadu government says won’t allow GAIL to lay pipelines on agricultural land. Coal India plans venture with S. African provincial government to secure coal assets. BHEL to use cheaper Chinese gear.

Suzlon prices $647 mln SBLC-backed 5-year at 5 pct IFR.

Banks rework loan structure for six Videocon firms.

RETAIL

Apple plans to scale up presence in India.

SPIRITS

Diageo set to launch open offer price for United Spirits’ investors.

AIRLINES

Jet Airways leases out aircraft with staff to UAE’s Etihad.

AUTOS

Honda to launch new 100cc bike in India,challenge Hero MotoCorp.

Maruti moves to offer buybacks,discounts as buyers stay elusive.

PROPERTY

KKR,GIC to set up real estate-focused non-banking financial company.