Sensex, Nifty rise over 1.5%; end near day’s high

Indian benchmarks BSE Sensex and NSE Nifty each rose over 1.5 per cent on the day of F&O expiry. According to Shanti Ekambaram, president of Wholesale Banking at Kotak Mahindra Bank Ltd, market sentiment has improved on the back of hope that the government will continue its reform process.