Indian shares rise 0.4 pct early, Reliance rallies

Indian shares rose 0.4 percent early trade on Monday, led by gains in Reliance Industries (RELI.BO: Quote, Profile, Research) that made an offer to buy controlling interest in U.S.-based bankrupt petrochemicals company LyondellBasell Industries. [ID:nN21473364]

At 9:55 a.m. (0425 GMT), the 30-share BSE index .BSESN was up 0.44 percent at 17,096.45 points, with 27 components advancing.

Energy giant Reliance rose 1.3 percent to 2,152.80 rupees, after sources said it was offering about $12 billion to buy a controlling interest in LyondellBasell Industries.

sirfpaisa.com

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