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Sensex at three-month high; ITC, banking stocks lead

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Reuters MUMBAI

MUMBAI (Reuters) - The Sensex and the Nifty rose more than 1 percent on Tuesday to their highest provisional close in three months as expectations for continued foreign buying as part of a powerful rally in global equities lifted blue chips such as ITC.

ITC Ltd provisionally rose 2.8 percent, while ICICI Bank Ltd ended up 1.7 percent.

The Sensex provisionally gained 1.06 percent, its highest close since January 31, while the 50-share Nifty ended up 1.21 percent, posting its highest close since January 30.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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First Published: May 07 2013 | 3:46 PM IST

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