Don’t miss the latest developments in business and finance.

Sensex marks highest close in 2-1/2 months; banks rally

Image
Reuters MUMBAI
Last Updated : Jul 01 2015 | 4:07 PM IST

MUMBAI (Reuters) - The BSE Sensex rose nearly 1 percent on Wednesday, to close above the psychologically important 28,000 level, its highest close in nearly 2-1/2 months, as state-run banks rose after the government's plan for a comprehensive package raised hopes of faster recapitalisation.

The Bank Nifty rose 1.56 percent, marking its highest close since June 1. State Bank of India gained 1.9 percent.

The 30-share BSE Sensex rose 0.86 percent, marking it highest close since April 17, while the 50-share Nifty gained 1.01 percent.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)

Also Read

First Published: Jul 01 2015 | 3:53 PM IST

Next Story