UPDATE 1-Indian shares rally on EU summit


* Shares jump tracking Asian peers on EU deal * Morgan Stanley upgrades India to equalweight * Hopes from PMO to jumpstart reforms (Adds analyst's view on market, updates prices) By Manoj Dharra and Abhishek Vishnoi June 29 (Reuters) - Indian shares rose 2.6 percent on Friday fuelled by a global rally in risk assets after European leaders agreed on decisive action to lower the borrowing costs of Italy and Spain and create a single supervisory body for euro banks. After all-night talks, the ...

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