Indian shares extend gains to 2 pct

MUMBAI, Nov 9 (Reuters) - Indian shares extended gains to 2 percent on Monday afternoon, led by Reliance Industries (RELI.BO) and banks, as global stock markets traded higher after the Group of 20 pledged to keep stimulus in place until recovery was assured.

At 2:47 p.m. (0917 GMT), the 30-share BSE index .BSESN was up 1.98 percent at 16,478.45 points, with 26 components in the green.

Energy giant Reliance Industries rose 3.4 percent after a newspaper said it was close to an overseas acquisition. [ID:nBOM433676]

The banking sector index .BSEBANK was up 4.4 percent.

The 50-share NSE Index was up 2 percent at 4,894.15. (Reporting by Ami Shah)