Indian shares provisionally rise 3.5 pct

MUMBAI, Aug 13 (Reuters) - Indian shares provisionally rose 3.5 percent on Thursday, as equity markets across the world were boosted by positive comments from the U.S. Federal Reserve about the world's largest economy.

Sentiment was also boosted after Finance Minister Pranab Mukherjee said on Wednesday India proposes to reform its archaic tax laws, phase out exemptions, simplify rules on corporate mergers and help improve compliance. [ID:nDEL143438]

The 30-share BSE index .BSESN provisionally ended up 520.01 points at 15,540.17, with all stocks gaining.

The 50-share NSE index provisionally closed up 3.5 percent at 4,612.55. (Reporting by Pratish Narayanan; Editing by Himani Sarkar)