Indian shares rise 1 pct early, TCS falls

Published: 16 Jan 2009 01:48:34 PST

MUMBAI, Jan 16 - Indian shares rose more than 1 percent early on Friday in tandem with higher Asian markets, while top outsourcer Tata Consultancy Services <TCS.BO> fell after it reported lower-than-expected quarterly results.

Shares in fraud-hit Satyam Computer Services Ltd <SATY.BO> opened up and extended gains to more than 15 percent. The government appointed three more directors on its board late on Thursday. [ID:nBOM228947]

The main 30-share BSE index <.BSESN> was up 1.04 percent at 9,141.21 points, with 28 components gaining.

The 50-share NSE Index <.NSEI> was up 0.86 percent at 2,760.35 points.