Indian shares rose 2.31 percent on Friday, cheered by a Wall Street rally, as the US Senate pressed ahead with work on a massive stimulus package. The benchmark 30-share Sensex index rose 209.98 points to 9,300.86. "Positive cues from the global markets and hopes about Barack Obama's rescue plans for financial system were supporting the market," said Alex Mathew, head of research at brokerage Geojit Financial Services.
Shares in fraud-hit Satyam rose 2.49 percent or 1.15 rupees to 47.4, snapping three days of losses, after it announced Thursday the appointment of company veteran A.S. Murty as chief executive officer.
In Friday's trade, gainers led losers 1,459 to 1,001 on turnover of 27.32 billion rupees (560 million dollars). India's largest private sector firm Reliance Industries rose 56.75 rupees or 4.41 percent to 1,343.5 rupees while the largest private sector bank ICICI rose 16 rupees or 4.09 percent to 406.95 rupees. India's largest software exporter Tata Consultancy Services (TCS) rose 19.5 rupees or 4.04 percent to 502.25 rupees.