Indian shares to start higher but seen volatile

MUMBAI, Nov 6 (Reuters) - Indian shares are set to open
higher on Friday, mirroring the rise in world equities after
better-than-expected U.S. jobs data bolstered investor
confidence in the global economy.

Data showed fewer U.S. workers filed new jobless insurance
claims than forecast last week -- hitting a 10-month low. U.S.
non-farm productivity rose more than expected in the third
quarter. [ID:nN05106320]

"With global cues looking good, we should also open in the
positive," said Kunal Sukhani, manager at Asian Markets
Securities.

"But volatility will continue to remain high, until
investors are able to establish a direction for the market," he
said.

Energy giant Reliance Industries (RELI.BO: Quote, Profile, Research) will be watched
as hearing in its high-profile gas pricing dispute with
Reliance Natural Resources (RENR.BO: Quote, Profile, Research) resumed on Thursday.

Asian shares were firm with the MSCI's measure of markets
other than Japan .MSCIAPJ trading 1.7 percent higher by 0326
GMT, while Japan's Nikkei .N225 was up more than a percent.

The Nifty India stock futures in Singapore SINc1 were
trading 1 percent higher, indicating a positive start in the
domestic market.

On Thursday, the 30-share BSE index .BSESN closed up 0.95
percent, or 151.77 points, at 16,063.90 after falling as much
as 2.2 percent during trade.
----------------MARKET SNAPSHOT AT 0331 GMT----------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1066.63 1.92% 20.130
USD/JPY JPY= 90.6 -0.09% -0.080
10-YR US TSY YLD US10YT=RR 3.535 -- 0.008
SPOT GOLD XAU= $1090.5 0.09% 0.950
US CRUDE CLc1 $80.12 0.63% 0.500
DOW JONES .DJI 10005.96 2.08% 203.82
ASIA ADRS 122.66 1.35% 1.63
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