Indian shares to open down; Larsen watched

MUMBAI, Nov 13 (Reuters) - Indian shares are expected to
open lower on Friday as weak U.S. and Asian markets encourage
investors to take profits after a rally this month.

Engineering and construction firm Larsen & Toubro (LART.BO: Quote, Profile, Research)
will be watched after CNBC-TV18 reported it would raise $65
million by selling one-third of its stake in Mahindra Satyam
(SATY.BO: Quote, Profile, Research). [ID:nBOM473217]

Ranbaxy Laboratories (RANB.BO: Quote, Profile, Research) will be in focus after the
country's top drug maker by sales said it has received the
World Health Organization pre-qualification for its Indinavir
anti-retroviral AIDS drug.

The MSCI's measure of Asian markets other than Japan
.MSCIAPJ was down 0.2 percent by 0322 GMT, while Japan's
Nikkei .N225 was down 0.5 percent

The Nifty India stock futures in Singapore SINc1 were
trading 0.2 percent lower, indicating the domestic market could
open down.

U.S. stocks fell on Thursday as a drop in oil prices pulled
energy stocks lower and on worries about consumer spending.
[ID:nN12418963]

The 30-share BSE index .BSESN closed down 0.91 percent on
Thursday at 16,696.03, after rising 2.5 percent on Wednesday.
----------------MARKET SNAPSHOT AT 0328 GMT----------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1087.24 -1.03% -11.270
USD/JPY JPY= 90.17 -0.19% -0.170
10-YR US TSY YLD US10YT=RR 3.4382 -- -0.006
SPOT GOLD XAU= $1105.55 0.18% 1.950
US CRUDE CLc1 $76.65 -0.38% -0.290
DOW JONES .DJI 10197.47 -0.91% -93.79
ASIA ADRS 123.99 -1.51% -1.90
-------------------------------------------------------------

STOCKS TO WATCH

* Usha Martin (USBL.BO: Quote, Profile, Research), after the steel wire rope maker
said on Thursday its board approved raising up to 5 billion
rupees.

* Cambridge Technology Enterprises Ltd (CATE.BO: Quote, Profile, Research), after its
board approved raising up to 250 million rupees by issuing
securities to investors other than existing shareholders.

FACTORS TO WATCH
* For technical analysis double click on www.reutersindia.net
* Indian rupee report
[INR/]
* Indian bond report
[IN/]
* FOREX-Dlr clings to gains after bear-market bounce
[FRX/]
* Crude falls towards $76 as firmer dollar pressures
[O/R]
* Currencies in focus as Obama tours Asia
[MKTS/GLOB]
* US STOCKS-Wall St falls on energy shares,consumer
worries[.N]
* For closing rates of Indian ADRs
INADR
(Reporting by Ami Shah and Bharghavi Nagaraju; Editing by
Ranjit Gangadharan)