MW: India shares range-bound; Infosys up after results
By V. Phani Kumar
HONG KONG (MarketWatch) -- Indian shares moved in a narrow range around break-even early Tuesday, as Infosys Technologies Ltd.'s strong quarterly earnings lifted the software sector while weak results from Alcoa Inc. (AA 17.45, +0.43, +2.53%) overnight weighed down commodity stocks. The 30-stock Sensex was flat at 17,532.78 after moving in either directions, while the 50-share S&P/CNX Nifty slid 0.1% to 5,245.15. Infosys (INFY 54.83, +0.29, +0.53%) shares gained 2.8% after it raised its full-year earnings and revenue forecast, also helping to lift Wipro Ltd. (WIT 22.18, -0.15, -0.67%) stock 3.1%. Sterlite Industries Ltd. (SLT 19.60, -0.20, -1.01%) led metals stocks lower, dropping 2.1%.
