Indian shares seesaw early, Infosys rallies

Published: 09 Jul 2009 20:39:04 PST

MUMBAI, July 10 - Indian shares flip-flopped early on Friday, but software services bellwether Infosys Technologies <INFY.BO> rallied after posting better-than-expected quarterly results.

Shares in Infosys, India's No.2 software services exporter, rose as much as 2.9 percent after its June quarter profit jumped 17.2 percent from a year earlier. [ID:nBMA003308]

The 30-share BSE Index <.BSESN> was down 0.01 percent at 13,756.25 after starting higher.

The 50-share NSE Index <.NSEI> was up 0.02 percent at 4,081.70.