Mumbai: Indian shares rose more than 1% in opening deals on Friday, led by index heavyweights ICICI Bank and Reliance Industries.
Financial services firm Future Capital Holdings , which had raised about $125 million in an initial public offer, listed at Rs1,000 on the Bombay Stock Exchange, 31% higher than the issue price of Rs765.
At 9:58 am, the 30-share benchmark BSE index pared gains to 0.65% at 17,763.08, with 23 of the components gaining. It rose as much as 1.1% earlier. The 50-share NSE index was up 0.63% at 5,169.80.