Suraj Saraogi managing director of Keynote Capitals saidworld economic worries would impact inflows

Suraj Saraogi, managing director of Keynote Capitals, saidworld economic worries would impact inflows. Higher than expected industrial output in May failed tolift sentiment. Output rose 2.7 percent in May, above a Reuterspoll forecast of 1.4 percent. [ID:nBMA003313] Infosys, which gets more than half its revenue from theUnited States, was trading up 2.88 percent at 1,725 rupees Other outsourcers also rose. Top software exporter TataConsultancy Services (TCS.BO) was up 2.1 percent at 396.70rupees, while No.3 Wipro (WIPR.BO) rose 3.9 percent to 386.30. Tata Steel (TISC.BO), the world's sixth-largest steelmaker,was up 1.9 percent at 371.15 rupees after the company said lateon Thursday more jobs were at risk at its Corus unit in Europeas it aligned employment costs with expected steel demand.[ID:nBOM199183] In the broader market there were 1,200 gainers to 1,083losers on moderate volume of 150.4 million shares.

The 50-share NSE Index was up 0.39 percent at 4,096.45points. STOCKS ON THE MOVE * Mahindra Satyam (SATY.BO), formerly Satyam ComputerServices, rose 6.4 percent to 77.65 rupees after it said lateon Thursday it had signed a 5-year multi-million dollar supportcontract with GlaxoSmithKline Plc (GSK.L). * Gammon India (GAMM.BO) was up 5.6 percent at 173.40rupees after the construction firm's FY09 net profit more thandoubled to 1.4 billion rupees. * Drug firm Wockhardt (WCKH.BO) was up more than 2 percentat 129.35 rupees after a group of lenders approved a corporatedebt restructuring package for the company. MAIN TOP 3 BY VOLUME * Unitech Ltd (UNTE.BO) on 9.7 million shares. * Mahindra Satyam (SATY.BO) on 9.5 million shares * Suzlon Energy (SUZL.BO) on 3.9 million shares FACTORS TO WATCH * For technical analysis double click on * Indian rupee report [INR/] * Indian bond report [IN/] * Yen steady as market hesitates, euro loses ground [FRX/] * Oil resumes fall towards $60 as economic woes weigh[O/R] * Japan shares hold near 7-week low[MKTS/GLOB] * US STOCKS-Wall Street ekes out gain on banks, materials [.N] * For closing rates of Indian ADRs INADR (Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan). (Reporting by Helen Massy-Beresford, editing by Will Waterman) ($1=.7173 Euro) Stocks Japan.

* Monsoon, economic concerns keep investors wary * Infosys beats f'cast with qtrly profit (Updates to afternoon) MUMBAI, July 10 (Reuters) - Indian shares were choppy onFriday as investors took profits on economic worries, butoutsourcing bellwether Infosys Technologies (INFY.BO) ralliedafter its quarterly profit beat market forecasts. Rival PSA Peugeot Citroen(PEUP.PA) also received a 3 billion euro loan. Ghosn said the group would start to pay back a 3 billioneuro ($4.2 billion) loan it was granted by the French governmentearlier this year when it was reasonable to do so, but that itwas "in no particular hurry". Ghosn said a gradual transitionrather than a sudden end to such schemes would help prevent abrutal shock for markets. He said he saw the United States and major emerging regionsstarting to pick up in the first quarter of 2010, and Europe andJapan returning to growth in the first quarter of 2011. * Renault, Nissan CEO says braced for two difficult years Stocks  |  Japan * Says sees Europe, Japan, recovery around Q1 2011(Adds detail) PARIS, July 10 (Reuters) - French carmaker Renault's(RENA.PA) CEO Carlos Ghosn expects 2010 to be "as difficult as2009" as the crisis in the worldwide auto industry continues, hetold Europe 1 radio.

I am notexpecting an immediate recovery," Ghosn said, noting that theend of scrappage schemes in European markets -- wherebygovernments fund cash bonuses for drivers exchanging old carsfor new -- could be difficult. Renault's global market share remained more orless stable in the first half, Ghosn said, adding that "we couldhave expected a bit better" "I'm expecting 2010 to be as difficult as 2009. Ghosn said the group had sold around 180,000 new cars inJune in total. (the agreement) of l'Aquila is a clear step forward," he said.Developing countries depend more than rich countries on trade and thus have a greater fear of protectionism, he said.Developing nations' trade represents 40-50 percent of their gross domestic product compared to an average of 15 percent for more advanced countries, he said.Launched in 2001 to help poor countries prosper, the Doha round has stumbled on proposed tariff and subsidy cuts.(Writing by Nigel Tutt, Editing by Elizabeth Fullerton) Economy. Ghosn, who is also CEO of Renault's Japanese alliancepartner Nissan Motor Co (7201.T), said he expected Europe to beamong the last regions worldwide to return to growth, along withJapan. We leave it there," he said.Some recent economic data and comments by officials have pointed to tentative green shoots of recovery in the global economy, cheering markets, but the signals have been mixed.Asked about a rise in the Baltic Dry Index of shipping freight rates from nine months ago, he said this was "a very volatile indicator" depending on Chinese decisions on stocks of raw materials and other Asia factors.Lamy hailed Thursday's pledge by rich nations and developing powers at a summit in L'Aquila, Italy to kickstart the stalled Doha trade round and complete these negotiations by 2010."We have never before seen indications that are so clear on the final date of the negotiations ... Development of Africa has become an important item on G8 agendas following promises by world leaders at Gleneagles in 2005 to increase annual aid levels by $50 billion by 2010, half of which was meant to go to African countries.

EconomyIn a Reuters interview on June 24, Lamy said he envisaged a 10 percent fall in trade volumes rather than the previous WTO estimate for a 9 percent fall in 2009."In the figures for world trade, I don't see a pick-up even if (there is) a deceleration of the fall," he said."We at the WTO are not thinking of changing our forecasts for the fall in world trade after having lowered it from minus 9 percent to minus 10 percent for this year. The summit wraps up at lunch time and will be followed by a flurry of bilateral meetings that stretch long into the day U.S. President Barack Obama will return to Rome for a meeting with Pope Benedict, who earlier this week called for a re-think of the way the world economy was run.For more on the summit, click [G7/G8](Writing by Crispian Balmer; editing by Ralph Boulton) Japan Japan. MILAN (Reuters) - The World Trade Organization is not planning to change its forecast for a 10 percent fall in 2009 global trade, WTO head Pascal Lamy said in comments in Italy's Corriere della Sera newspaper on Friday. British charity ActionAid warned in a report last week that one billion people went hungry in the world, saying decisions at the G8 gathering could "literally make the difference between life and death for millions in the developing world". Japan and the European Union were also going to champion a code of conduct to promote responsible international investments in agriculture in the face of growing farmland acquisition or "land grabs" in emerging nations.