Indian shares seen lower; Tata Steel watched

STOCKS TO WATCH

* Tata Tea TTTE.BO, Mcleod Russel (MCLE.BO), Dhunseri Tea
(DHUN.BO), Harrisons Malayalam (HRMA.BO) after tea prices in
Kenya, which sets global benchmark prices, hit record levels
due to drought. [ID:nLQ054038]

* Sundaram Clayton (SUND.BO) after it said its board
approved a one-for-one bonus issue.

* Dabur India (DABU.BO) after a senior company official
told Reuters its loss-making retail business is expected to
breakeven in the next fiscal. [ID:nBMB008401]

* Maytas Infra MAIL.BO after several newspapers reported
the cash-strapped firm will offload its 30 percent stake in the
6 billion rupees Meerut-Muzaffarnagar highway project to
Gayatri Projects (GAPR.BO) and Nagarjuna Construction
NGCN.BO.

FACTORS TO WATCH
* For technical analysis double click on www.reutersindia.net
* Indian rupee report
[INR/]
* Indian bond report
[IN/]
* FOREX-Yen rises on doubts about risk rally outlook
[FRX/]
* Oil falls towards $71 on U.S. stockbuild; China eyed
[O/R]
* Asian shares slip, wary of buying fatigue
[MKTS/GLOB]
* Wall St ends flat; caution lingers after rally
[.N]
* For closing rates of Indian ADRs
INADR
(Reporting by Pratish Narayanan and Swati Pandey; Editing by
Himani Sarkar)