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Indian shares rise 1 pct as budget speech begins

Mon Jul 6, 2009 1:55am EDT

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MUMBAI, July 6 (Reuters) - Indian shares extended gains to more than 1 percent on Monday after the Finance Minister Pranab Mukherjee announced increased infrastructure spending.

Engineering and construction firm Larsen & Toubro (LART.BO) was up 3.1 percent at 1,657 rupees.

By 11:19 a.m. (0549 GMT), the 30-share BSE Index .BSESN was up 1.22 percent at 15,094.80 points with 23 components gaining.

The 50-share NSE Index was up 1.23 percent at 4,478.45 points.

For highlights on budget, see [ID:nDEL539437] (Reporting by Janaki Krishnan)



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