Indian shares rise on renewed optimism across Asia

MUMBAI, Aug 13 (Reuters) - Indian shares rose sharply in early trade on Thursday, as investor confidence across Asia was boosted after the Federal Reserve said the ailing U.S. economy was showing signs of "leveling out."

At 9:57 a.m. (0427 GMT), the 30-share BSE index .BSESN was up 1.7 percent at 15,270.53 points, with all stocks gaining.

The 50-share NSE index was up 1.8 percent at 4,535.60. (Reporting by Pratish Narayanan; Editing by Himani Sarkar)