BSE Sensex up 1.5 percent; IT, bank shares lead

MUMBAI (Reuters) - The BSE Sensex rose 1.5 percent on Tuesday marking its biggest single-day gain in almost a month as IT shares such as Infosys rose to a 28-month high on optimism about the sector's business outlook while beaten-down lenders rose on value buying.

Additional measures by the government since Monday, aimed at attracting capital inflows into a weak economy and to control a wide current account deficit, were also seen boosting sentiment.

Infosys rose 2.6 percent, while ICICI Bank ended 2.9 percent higher.

The Sensex provisionally gained 1.54 percent, while the Nifty ended up 1.55 percent, rising for a third consecutive day to mark its highest close since August 1.

 

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)