Sensex rises for fourth day, hits four-month high

The shares were boosted by gains in lenders such as ICICI Bank, as investors bet the central bank would cut interest rates at its policy review later this week.

Image used for representational purpose only. (File photo | PTI)

MUMBAI: Indian shares rose on Monday for a fourth consecutive session to hit four-month highs, boosted by gains in lenders such as ICICI Bank, as investors bet the central bank would cut interest rates at its policy review later this week.

The Nifty closed 0.7 percent higher at 8,801.05, after earlier hitting its highest since Sept. 23.

The Sensex ended 0.7 percent up at 28,439.28, after touching its highest since Sept. 26.