Sensex ends higher; SBI drops

(Reuters) - Indian shares rose on Monday, rebounding from their biggest weekly drop since August, but State Bank of India dropped after posting a surprise quarterly loss on Friday.

The benchmark BSE Sensex closed up 0.87 percent at 34,300.47.

The broader NSE Nifty ended 0.81 percent higher at 10,539.75.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair)