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Indian shares seesaw early, Infosys rallies

Fri Jul 10, 2009 12:37am EDT

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MUMBAI, July 10 (Reuters) - Indian shares flip-flopped early on Friday, but software services bellwether Infosys Technologies (INFY.BO) rallied after posting better-than-expected quarterly results.

Shares in Infosys, India's No.2 software services exporter, rose as much as 2.9 percent after its June quarter profit jumped 17.2 percent from a year earlier. [ID:nBMA003308]

By 10:01 a.m. (0431 GMT), it was trading up 1.3 percent at 1,700 rupees.

The 30-share BSE Index .BSESN was down 0.01 percent at 13,756.25 after starting higher.

The 50-share NSE Index was up 0.02 percent at 4,081.70. (Reporting by Janaki Krishnan)



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