December 8, 2016 / 6:38 AM / 7 months ago

Sensex rises more than 1 percent tracking strong global cues

1 Min Read

A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, February 11, 2016.Danish Siddiqui/File Photo

REUTERS - Indian shares rallied on Thursday, recovering from losses in the previous session, as investors expected the European Central Bank to extend its asset buying campaign at a policy meeting later in the day.

The Nifty ended 1.79 percent higher at 8,246.85, while the Sensex closed 1.74 percent higher at 26,694.28.

Financial stocks were among the biggest gainers. HDFC Bank Ltd and State Bank of India gained about 2 percent each.

Reporting by Darshana Sankararaman in Bengaluru; Editing by Vyas Mohan

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