Indian shares rise early, ACC up 2 pct

NEW DELHI |
Thu Feb 9, 2012 10:58pm EST

NEW DELHI Feb 10 (Reuters) – Indian shares turned
positive after opening lower on Friday as investors awaited for
direction from December industrial output data, due around 0530
GMT.

Cement maker ACC rose 2 percent to 417.90 rupees
after the company reported higher-than-expected 86 percent rise
in December-quarter profit.

Tata Steel Ltd, which fell 4 percent in pre-open
trade after reporting its first quarterly loss in more than two
years, rebounded and was trading more than 1 percent higher.

At 9:18 a.m. (0348 GMT), the main 30-share BSE index
was up 0.25 percent at 17,875.26, with two-thirds of
its components in the green. The 50-share NSE index was
up 0.14 percent at 5,420.15.

(Reporting by Sanjeev Choudhary; Editing by Ranjit Gangadharan)

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