Indian shares rise 2 pct, led by Reliance

MUMBAI, July 4 (Reuters) - Indian shares rose 2 percent on Friday morning, led by Reliance Industries Ltd (RELI.BO: Quote, Profile, Research) and Larsen & Toubro (LART.BO: Quote, Profile, Research).

At 10:54 a.m. (0524 GMT), the 30-share BSE index was up 1.96 percent, or 256.17 points, at 13,350.28, with all but one component rising.

The 50-issue NSE index rose 1.5 percent to 3,985.05. (Reporting by Narayanan Somasundaram)