Jun 29, 2012 11:23 AM IST | Source: Reuters

Sensex rallies to 2-mth high on EU summit

SENSEX-RALLIES-TO-2-MONTH-HIGH:Sensex rallies to 2-mth high on EU summit

MUMBAI (Reuters) - The Sensex jumped 2 percent to its highest in two months on Friday, tracking a rally in Asian shares after European leaders agreed to create a single supervisory body for euro zone banks, easing some of the concerns about the region.

The strong rebound in the rupee also comforted investors. Banks led the gains, with ICICI Bank up 3 percent.

The Sensex jumped 2 percent, hitting its highest levels since May 2, while the Nifty also gained 2 percent.

(Reporting by Manoj Dharra)

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