Nifty near 15-month closing high; blue chips gain

India's 50-share index rose today to mark its highest close since July 7, 2011, sparked by optimism that economic reform and budget plans unveiled by Spain will help manage its debt imbalances, while auto shares like Tata Motors also rose ahead of September sales data due Monday.

India's 50-share index rose on Friday to mark its highest close since July 7, 2011, sparked by optimism that economic reform and budget plans unveiled by Spain will help manage its debt imbalances, while auto shares like Tata Motors also rose ahead of September sales data due Monday.

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Tata Motors provisionally rose 2.8%, while Mahindra & Mahindra rose 1.4%.

The BSE index provisionally rose 0.94%, while the 50-share NSE index rose 0.85%.