Indian shares to open higher; Bharti, NTPC eyed

MUMBAI, Nov 10 (Reuters) - Indian shares should start
firmer on Tuesday following global markets that surged after
the Group of 20 finance ministers pledged to support the world
economy, boosting investor sentiment.

Shares in mobile services provider Bharti Airtel (BRTI.BO: Quote, Profile, Research)
will be watched after the company said it would maintain its
per-minute margins despite rates going down. [ID:nBOM423971]

Leading power producer NTPC (NTPC.BO: Quote, Profile, Research) will be in focus
after it said on Monday it would set up a 2,640 megawatt
thermal power plant in central India. [ID:nBOM246814]

Investors are also likely to react positively to measures
announced by Securities and Exchange Board of India on Monday
to induce small and medium enterprises to tap the market while
relaxing guidelines for follow-on public offers.

The market regulator halved the minimum market value
required by listed firms seeking to make follow-on public
offerings to 50 billion rupees, in order to push more firms to
sell shares. [ID:nBOM450444]

Asian shares were firm with the Hang Seng .HSI up nearly
1 percent by 0305 GMT and the Nikkei .N225 gained 1.6
percent, while the MSCI Index of Asia Pacific stocks outside
Japan .MIAPJ0000PUS rose 0.8 percent.

The Nifty India stock futures trading in Singapore SINc1
were up 0.85 percent, pointing to a higher opening in India.

On Monday, the Dow Jones Industrial Average .DJI closed
up 2.03 percent and the 30-share BSE index .BSESN rose 2.11
percent to 16,498.72, its best close in two weeks.
-----------------MARKET SNAPSHOT AT 0308 GMT-----------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1093.08 2.22% 23.780
USD/JPY JPY= 89.98 0.02% 0.020
10-YR US TSY YLD US10YT=RR 3.4989 -- 0.015
SPOT GOLD XAU= $ 1102.25 -0.14% -1.600
US CRUDE CLc1 $ 78.94 -0.62% -0.490
DOW JONES .DJI 10226.94 2.03% 203.52
ASIA ADRS 125.61 2.51% 3.07
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