MUMBAI, May 17 (Reuters) The BSE Sensex is set to open lower on Monday, taking cues from world equities which fell on concerns over Europe's sovereign debt crisis.Energy giant Reliance Industries will be in focus as it said over the weekend it has agreed with Russia's Sibur to set up a joint venture to make butyl rubber in India amid rising demand from the auto industry.Metal makers such as Sterlite Industries, Hindalco and Tata Steel will be watched as London copper futures touched more than one-week lows.Reliance Communications, India's No. 2 mobile phone operator will be watched as it reported a smaller-thanexpected 16 percent fall in quarterly profit over the weekend.Asian shares fell, with the MSCI's measure of Asian markets other than Japan down more than 3 percent by 0311 GMT, while Japan's Nikkei shed nearly 2 percent.The Nifty India stock futures in Singapore were trading 1.2 percent lower.On Friday, the 30-share BSE index closed 1.57 percent lower to finish at 16,994.60 points.STOCKS TO WATCH* Sterling Biotech Ltd after the company's net profit for the March quarter dipped marginally.* Tulip Telecom Ltd after the company said its board approved a 5-for-1 stock split.* Akzo Nobel India after the company's net profit for the March quarter nearly halved.* Videocon Industries Ltd after the company said its board approved raising up to 10 billion rupees via a share sale to institutions.* Deccan Chronicle Holdings Ltd after the company's net profit for the March quarter fell 20 percent.* Jindal Steel & Power after the company said it has discontinued talks with United Arab Emirates-based Al Ghaith Holdings regarding the purchase of Shadeed Iron & Steel.(Reporting by Ami Shah and Kaustubh Kulkarni; editing by Malini Menon)(For more business news on Reuters Money visit http://www.reutersmoney.in)News posted by www.newsinfoline.com
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