Indian shares wobble

Indian shares were flat in choppy trade on Tuesday, as markets resumed trading after a three-day weekend, with Infosys tumbling after the company said it was investigating allegations made against its top executive. Infosys shares dropped 13%, the most on the NSE index, as country's No. 2 software services firm received a complaint alleging "unethical practices" by Chief Executive Officer Salil Parekh. The company's stock slid as much as 16%, its worst session in over six-and-a-half years, and weighed on the country's IT index which fell as much as 4.11% to hit its lowest level in over four weeks.

Indian financial markets were closed on Monday for elections in the western state of Maharashtra. The broader NSE index was down 0.02% at 11,661.50 by 0426 GMT on Tuesday, while the benchmark BSE index was 0.21% lower at 39,215.48. Reliance Industries rose 1.31% after the oil-to-telecoms conglomerate on Friday posted over an 18% rise in quarterly profit. Meanwhile, Tata Motors Ltd slipped nearly 4% and was the second-biggest percentage loser on the NSE.