Indian shares to open higher; Reliance, L&T eyed
MUMBAI, Nov 17 - Indian shares are expected to start higher
on Tuesday, tracking the overnight rise on Wall Street but with
Asian markets reversing early gains there will be resistance.
Reliance Industries (RELI.BO: Quote, Profile, Research) will be
in focus as theenergy giant holds its annual general meeting of
shareholders.
Engineering and construction firm Larsen & Toubro (LART.BO: Quote,
Profile, Research), will be watched after sources said its power
unithad emerged the lowest bidder for a project in north India.
Asian shares edged lower after hitting 15-month highs, with
the MSCI's measure of regional markets other than Japan.
MSCIAPJ down 0.2 percent by 0346 GMT. Japan's Nikkei .
N225 edged 0.1 percent lower.
The Nifty India stock futures in Singapore SINc1 were up
0.4 percent, indicating the domestic market may start higher.
On Monday, the 30-share BSE index .BSESN rose 1.09
percent to 17,032.51. It has gained more than 7 percent this
month after falling 7.2 percent in October in its worst monthly
performance in a year.
----------------MARKET SNAPSHOT AT 0849 GMT----------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1109.3 1.45% 15.820
USD/JPY JPY= 89.08 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.349 -- 0.000
SPOT GOLD XAU= 1137.1 -0.17% -1.950
US CRUDE CLc1 78.59 -0.39% -0.310
DOW JONES .DJI 10406.96 1.33% 136.49
ASIA ADRS 127.37 1.68% 2.11
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Re: Indian shares to open higher; Reliance, L&T eyed
