Indian shares turn positive in afternoon trade

MUMBAI, Sept 24 | Thu Sep 24, 2009 5:36am EDT

MUMBAI, Sept 24 (Reuters) - Indian shares turned positive on Thursday afternoon on short-covering ahead of the expiry of monthly derivative contracts and as the traders remained optimistic about robust corporate quarterly earnings.

At 3:01 p.m. (0931 GMT), the 30-share BSE Index .BSESN was up 0.5 percent at 16,802.55 points. It fell as much as 1.3 percent in early deals.

The 50-share NSE Index .NSEI was up 0.31 percent at 4,985.25. (Reporting by Ami Shah; Editing by John Mair)

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