Indian shares rise 3 pct, led by ICICI Bank

MUMBAI, July 4 (Reuters) - Indian shares extended gains to more than 3 percent by afternoon on Friday, led by ICICI Bank (ICBK.BO: Quote, Profile, Research) and Larsen & Toubro (LART.BO: Quote, Profile, Research).

At 3:01 p.m. (0931 GMT), the 30-share BSE index was up 3.15 percent, or 412.59 points, at 13,506.70, with 27 components rising.

The 50-issue NSE index rose 2.7 percent to 3,926.65. (Reporting by Narayanan Somasundaram)