MARKET EYE -Indian shares seen higher as Asian markets extend gains

August 11:

* Indian shares may open stronger on Tuesday as Asian markets
extend bounce, oil pinned near lows. 
* NSE index futures traded on the Singapore Exchange up
0.54 percent.
* The MSCI-Asia Pacific excluding Japan index 
gains 0.4 percent. 
* Tata Motors' shares likely to surge after
June-quarter profit tripled on strong Jaguar, Land Rover sales.
 
* The Indian automaker's U.S.-listed shares ended 7.5
percent higher.
* Key earnings on Tuesday: Coal India, Bharat
Petroleum Corp, Indian Oil Corp, Sun
Pharmaceutical Industries, and Tata Power 
* However, overseas investors sold shares worth 1.63 billion
rupees ($26.69 million) on Monday, provisional exchange data
shows. 
(1 US dollar = 61.0800 Indian rupee)

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

Source: in.reuters.com/article/2014/08/12/idINL4N0QI14P20140812?rpc=401&feedType=RSS&feedName=domesticNews&rpc=401