Sensex gains 266 points; ITC, Axis Bank surge

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Reuters MUMBAI
Last Updated : Sep 02 2013 | 3:55 PM IST

MUMBAI (Reuters) - The BSE Sensex rose on Monday to its highest close in nearly 2-1/2 weeks as some blue chips recovered from recent steep falls while ITC jumped after a UBS report said the company had raised prices for some of its cigarette brands.

ITC Ltd rose 3.79 percent while Axis Bank Ltd ended 3.76 percent higher.

The benchmark BSE Sensex rose 1.43 percent, marking its fourth consecutive day of gains, while the broader Nifty ended 1.44 percent higher.

(Reporting by Abhishek Vishnoi; Editing by Supriya Kurane)

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First Published: Sep 02 2013 | 3:47 PM IST

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