New Delhi - Indian stocks rose nearly 4 per cent Tuesday after the Reserve Bank of India lowered its inflation forecast.
The 30-share Sensex index of the Bombay Stock Exchange gained 329.73 points, or 3.8 per cent, to close at 9,004.08. All sectors of the benchmark index ended with gains.
The broader 50-share Nifty of the National Stock Exchange also was up 92.8 points, or 3.46 per cent, at 2,771.35.
Market analysts told the PTI news agency that trading sentiment was buoyed after the central bank predicted that inflation would ease to below 3 per cent by the end of India's financial year on March 31.