March 12, 2019 / 9:21 AM / 11 days ago

Sensex, Nifty mark highest close in nearly six months on fund inflows

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files

(Reuters) - Indian shares rose more than 1 percent for a second straight session on Tuesday, boosted by foreign fund inflows amid expectations Prime Minister Narendra Modi-led alliance would return to power after the general election.

Investor sentiment was also boosted by a strong rupee, which rose to a two-and-a-half-month high, and gains in broader Asian stock markets after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.

The benchmark BSE Sensex settled 1.30 percent higher at 37,535.66, its highest close since Sept. 18.

The broader NSE Nifty rose 1.19 percent to 11,301.20, its highest closing level since Sept. 17.

Bharti Airtel Ltd was the top percentage gainer on the NSE index, ending 5.4 percent higher.

Reporting by Tanvi Mehta in Bengaluru; Editing by Shreejay Sinha

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