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Dec 5 2007 2:47PM
India~s BSE share index rises more than 1 pct

BANGALORE, Dec 5 (Reuters) - India's main share index rose more than 1 percent by afternoon on Wednesday, led by gains in index heavyweight Reliance Industries Ltd <RELI.BO> and infrastructure play Larsen & Toubro Ltd <LART.BO>. Reliance rose 1.8 percent to 2,917.05 rupees after a top company official told Reuters that the company may make a "world-scale" acquisition in the energy sector for up to $15 billion after years of strong organic growth. [ID:nBOM106467]

At 2:37 p.m. (0907 GMT), the benchmark 30-share BSE index <.BSESN> was up 0.96 percent, or 187.82 points, after having risen to a high of 19,730.71.

The broader NSE index <.NSEI> was trading 1.24 percent higher at 5,931.10. (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan) (([email protected]; +91-80-3982 7450; Reuters Messaging: [email protected])) Keywords: INDIA STOCKS/1PCT

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