Indian shares rise nearly 1 per cent ahead of central bank's policy

Mumbai: Indian shares rose nearly 1 per cent on Monday, marking their highest intraday level in two weeks as traders churned positions in favour of defensive stocks, especially among drug makers, a day ahead of the central bank's policy review.

Sun Pharmaceutical Industries surged as much as 9.2 per cent during the day to mark a record high of 1,181 rupees, leading gains in the CNX Pharma Index. The BSE index and the NSE index rose 0.86 per cent each, after earlier marking their highest daily level since March 19.