India shares open 1 pct up, Future Cap rises on debut

At 9:58 am, the 30-share benchmark BSE index pared gains to 0.65 per cent at 17,763.08, with 23 of the components gaining.

Indian shares rose more than 1 per cent in opening deals on Friday, led by index heavyweights ICICI Bank and Reliance Industries.

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Financial services firm Future Capital Holdings, which had raised about $125 million in an initial public offer, listed at 1,000 rupees on the Bombay Stock Exchange, 31 per cent higher than the issue price of 765 rupees.

At 9:58 am, the 30-share benchmark BSE index pared gains to 0.65 per cent at 17,763.08, with 23 of the components gaining. It rose as much as 1.1 per cent earlier.

The 50-share NSE index was up 0.63 per cent at 5,169.80.

(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)