Mumbai: The BSE Sensex rose over 1 per cent to its highest close since July 11 as improved US jobs data sparked a global risk rally, while private lenders such as HDFC Bank surged on hopes for government measures to help the mutual fund sector.
The 30-share BSE Sensex rose 215.03 points or 1.25 per cent to close at 17412.96.
Meanwhile, the 50-share NSE Nifty went up 66.85 points or 1.28 per cent to 5,282.55 led by buying interest banks, capital goods, auto and metals stocks.
Reliance Industries surged 5.9 per cent after the Economic Times newspaper reported the energy conglomerate has agreed to share its accounts for its KG-D6 block with the government, raising hopes for an end to the stand-off between the two sides over the natural gas fields.
Private banks such as ICICI Bank and HDFC Bank held their earlier gains after Finance Minister Palaniappan Chidambaram said the government would unveil policies to attract investments in mutual funds.
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