Sensex posts one-month closing high on FII buying

The BSE Sensex rose for a second straight session on Monday to its highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties.

The BSE Sensex rose for a second straight session on Monday to its highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties.

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Gains were also helped as Tata Power Company Ltd provisionally surged 5.1 percent after the power regulator's nod to raise tariffs, although NTPC plunged 11.5% as the order was seen as negative to the state-run firm.

The benchmark BSE Sensex provisionally closed higher 0.55% and the broader Nifty ended up 0.5%, their highest close since January 24.

Among lenders, Axis Bank Ltd rose 3.6%.