New Delhi - Indian share indices rose by about 5 per cent Thursday on expectations that the country's federal bank would cut interest rates as the inflation rate lowered further.
Reports that the government was considering a stimulus package for the automotive, exports and realty sectors, also boosted sentiments, analysts said.
The 30-share Sensex of the Bombay Stock Exchange closed at 9229.75 points, about 5.5 per cent above its previous close.
The broader 50-share Nifty of the national Stock Exchange ended at 2788, about 4.95 per cent higher than Wednesday's close.