Sensex, Nifty post biggest gain in 2 months; HDFC Bank hits all-time high

The spurt in HDFC Bank shares was on the back of a report by Macquarie that said FII buying could exceed $1 bn on June 1

A sharp rally in shares of HDFC Bank propelled markets on Thursday, with the benchmark indices Sensex and Nifty gaining 1.2 per cent each, most in nearly two months. The private sector lender gained 4.4 per cent, its most in four years, on buzz that global funds will scramble to buy shares when fresh purchase window opens on Friday. 

HDFC Bank's shares closed at a new all-time high of Rs 2,136.2. The Sensex ended at 35,322.4, up 416.3 points, or 1.2 per cent, most since April 5. HDFC Bank alone contributed 185 points to the gains. The Nifty 50 index