India Shares End Higher - Wall Street Journal

By GURDEV SINGH VIRK MUMBAI—Indian shares were flat early Friday as traders waited for clear direction from global markets. The Bombay Stock Exchange's S&P BSE Sensex index was up 4.96 points at 19680.60 at 0430 GMT. The National Stock Exchange's Nifty index was 5.65 points higher at 5972.70. "The markets could trade choppy. Japanese and European equities could be watched for direction later," said a dealer at a local bank. He expects the Nifty to trade in a 5900-6000 range, with a negative bias. After rising to its highest level in nearly nine months Thursday, the dollar traded at 55.69 rupees in early Friday trade, compared with 55.59 in late Thursday trade in Asia. Tata Steel was the top gainer, up 5.4% at 315.70 rupees on better-than-expected operational earnings from Europe. Energy-focused Reliance Industries was 0.9% higher at 790.75 rupees on bargain buying. Sun Pharmaceutical was down 3.7% at 969 rupees on profit-taking after shares hit a record high of 1016.70 rupees on Thursday. • Invalid email address. • You can't enter more than 20 emails. • Seperate multiple addresses with Commas. • Must enter an email address. • You must enter the verification code below to send. • Invalid entry: Please type the verification code again. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNECGuQU0BPoDBqLfSPwAVFgJEYbjQ&url=http://online.wsj.com/article/SB10001424127887324659404578502301344257618.html

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