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Shares jump as Fed rate hike bets recede; financials lead

MUMBAI (NewsRise) -- Indian shares rose to over a week's high Monday, outperforming other regional indices, as investors scooped up finance sector heavyweights amid cooling expectations of an early Federal Reserve rate increase.

The benchmark BSE Sensex rose 1.82% to 25,688.86 points, clocking its largest single day advance in almost a month and touching its highest level since April 27. The broader NSE Nifty50 index advanced 1.71% to 7,866.05 points.

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