Indian shares falter after opening higher

MUMBAI, March 5 (Reuters) - Indian shares faltered after starting higher on Thursday as a cut in interest rates to help rev up sagging growth failed to erase economic worries.

By 10:05 a.m. (0435 GMT), the 30-share BSE Index .BSESN was down 0.01 percent at 8,445.25 points after opening more than 1 percent higher.

The 50-share NSE Index was down 0.2 percent at 2,645.

India's central bank cut its short-term lending and borrowing rates by 50 basis points each late on Wednesday, saying the country's growth had been hit more than expected by the global financial crisis and downturn. [ID:nBOM357365] (Reporting by Pratish Narayanan; Editing by Ranjit Gangadharan)