Indian shares open 0.6 pct down, Mundra Port soars

BANGALORE (Reuters) - Indian shares opened 0.62 percent lower on Tuesday, led down by second-largest lender ICICI Bank, with losses in the offshore markets on renewed worries over the credit crisis weighing on sentiment.

At 9:57 a.m., the 30-share BSE index was down 0.55 percent, or 104.90 points, at 19,142.64, with 23 components falling.

The 50-issue NSE index was down 0.38 percent at 5,709.65 points.

Debutant Mundra Port and Special Economic Zone Ltd opened at 770 rupees on the National Stock Exchange, up 75 percent from its initial public offer price of 440 rupees. On the Bombay Stock Exchange, it opened at 1,100 rupees.