Indian shares rise ahead of Reliance, Indian Oil earnings; IT shares gain

BENGALURU, Oct 30 (Reuters) - Indian shares rose on Friday as heavyweight stocks Indian Oil Corp and Reliance Industries edged up ahead of their results later in the day, with IT stocks also supporting the gains.

The NSE Nifty 50 index rose 0.44% to 11,721.9 by 0345 GMT and the S&P BSE Sensex was up 0.42% at 39,915.53.

India’s most valuable company, Reliance Industries , rose as much as 1% ahead of its quarterly results, while refiner Indian Oil Corp was 1.3% higher.

IT services firm Wipro gained 2.2% after it expanded its partnership with U.S. tech giant IBM, while Tata Consultancy Services advanced 1.42%.

The broader Nifty IT index firmed 1.3%. (Reporting by Derek Francis in Bengaluru; Editing by Aditya Soni)