Indian shares rise 1.6 pct; ICICI, Reliance up

MUMBAI, March 9 Thu Mar 8, 2012 10:54pm EST

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MUMBAI, March 9 (Reuters) - Indian shares rose 1.6 percent early on Friday after falling for three days, led by gains in ICICI Bank and energy conglomerate Reliance Industries.

At 9:16 a.m. (0346 GMT), the benchmark 30-share BSE index was up 1.62 percent at 17,419.85, with 29 of its components in the positive territory.

The 50-share NSE index rose 1.52 percent to 5,299. (Reporting by Rajesh Kurup; Editing by Ranjit Gangadharan)

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