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Indian shares seesaw early as oil climbs

Indian shares seesaw early as oil climbs

Write: Anyon [2011-05-20]
MUMBAI - Indian shares opened higher but quickly turned negative before pulling up on Wednesday as higher oil prices rekindled inflation expectations and the possibility of higher interest rates.

At 9:57 a.m. (0427 GMT), the 30-share BSE index was up 0.01 percent, or 1.01 points, at 14,483.23. It opened 0.6 percent up but fell as low as 14,480.32.

The 50-issue NSE index rose 0.21 percent to 4,346.70.