Sensex, Nifty Nifty Likely To Open Flat© hindustantimes.com

Sensex, Nifty Nifty Likely To Open Flat

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Domestic stock markets are likely to start Wednesday's session on a sluggish note amid weakness in Asian equities. The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index - moved within a range of 9,019.25-9,074.25, fluctuating between gains and losses compared to its previous close of 9,048. At 8:04 am, the SGX Nifty futures were down 13.50 points - or 0.15 per cent - at 9,034.50, ahead of the opening of Indian markets.

Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.

The Nikkei share average slipped 0.1 per cent, unwinding some of the gains made on Tuesday when it climbed to their highest in nearly 12 weeks. Australia's ASX 200 lost 0.9 per cent in early trade and South Korea's KOSPI fell 0.2 per cent.