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CORRECTED-Indian shares rise early, ACC up 2 pct

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Fri Feb 10, 2012 12:31pm IST

(Corrects ACC share price)

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 1,417.90 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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