Mumbai, Oct. 15 -- Benchmark stock index Sensex rallied 1,534 points, or over 2 per cent, to close at a three-week high on Thursday, led by heavy buying in banks, IT and Reliance Industries.

The 30-share BSE Sensex jumped 1,533.72 points, or 2.11 per cent, to settle near the day's high at 74,315.61. The 50-share NSE Nifty climbed 374.65 points, or 1.66 per cent, to close at 22,997.35, its highest level since September 25.

From the 30 Sensex firms, Tech Mahindra jumped 4.61 per cent, ICICI Bank 4.17 per cent, Reliance Industries surged 4.03 per cent, Bharti Airtel 2.94 per cent, Eternal 2.77 per cent, HCLTech 2.58 per cent, HDFC Bank 2.51 per cent and TCS 2.28 per cent. Bharat Electronics, Trent and Hindustan Unilever were the laggards among Sensex shares.

Among BSE sectoral indices, Top 10 Banks surged 2.33 per cent, Pvt Banks index 1.82 per cent, IT 1.51 per cent, Focused IT 1.49 per cent, Auto 1.47 per cent, Oil & Gas 1.46 per cent & Energy 1.41 per cent.

The rupee logged the fifth straight session of gains on Thursday, appreciating 18 paise to close at 94.99 against the US dollar.

Published by HT Digital Content Services with permission from Millennium Post.