Sensex up 1.5 percent; IT, bank shares lead

Mumbai: The BSE Sensex rose 1.5 per cent 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 per cent, while ICICI Bank ended 2.9 per cent higher.

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