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

MUMBAI, Feb 1 (Reuters) - Indian shares rose more than 1 percent in opening deals on Friday, led by index heavyweights ICICI Bank (ICBK.BO) and Reliance Industries (RELI.BO).

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

At 9:58 a.m. (0428 GMT), the 30-share benchmark BSE index .BSESN pared gains to 0.65 percent at 17,763.08, with 23 of the components gaining. It rose as much as 1.1 percent earlier. The 50-share NSE index was up 0.63 percent at 5,169.80. (Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)