Nifty at over one-month closing high; Ranbaxy up after profit

MUMBAI (Reuters) - The BSE Sensex and Nifty rose on Tuesday to their highest close in more than a month, with drugmakers getting a boost after Ranbaxy Laboratories Ltd reported its first profit in six quarters.

Lenders also extended recent gains on rising expectations the Reserve Bank of India would cut rates earlier than expected next year. State Bank of India provisionally rose 2.4 percent, while ICICI Bank Ltd ended higher 1.8 percent.

Ranbaxy unofficially surged 5.8 percent. The benchmark Sensex provisionally rose 0.48 percent, while the broader Nifty gained 0.45 percent, with both marking their highest close since Sept. 22.

 

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)