Indian shares rise early, ACC up 2pc

NEW DELHI: 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.