Indian shares to open higher on renewed optimism

STOCKS TO WATCH

* Bharat Heavy Electricals Ltd (BHEL.BO) after the Indian
state-run utility signed a pact to form a joint venture with
Maharashtra State Power Generation Co to build a 1,320 megawatt
thermal power plant. [ID:nBOM519430]

* India's Larsen & Toubro (LART.BO) after it got a contract
worth 40 billion rupees ($828 million) to supply power
equipment to Jaiprakash Power Ventures. [ID:nBOM51190]

* Orbit Corp Ltd (ORCP.BO), after the real estate developer
opened a share placement worth up to $30 million to
institutional investors on Wednesday, two sources told Reuters.
[ID:nBOM328289]
FACTORS TO WATCH
* For technical analysis, double click on
www.reutersindia.net
* Indian rupee report
[INR/]
* Indian bond report
[IN/]
* Dollar inches lower vs high-yielders after Fed
[FRX/]
* Oil near $71/bbl as recovery optimism offsets demand fears

[O/R]
* Wall St gains as Fed says economy stabilizing
[.N]
* Asia stocks, Australia dollar rise after Fed
[MKTS/GLOB]
* For closing rates of Indian ADRs
INADR
(Reporting by Pratish Narayanan and Jasudha Kirpalani; Editing
by Himani Sarkar)