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Sensex posts best gain in nearly three months on better monsoon forecast

Reuters
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files

REUTERS - Indian shares jumped more than 2 percent on Wednesday to post their best gain in nearly three months, as companies with big rural sales rose after a private weather forecaster predicted more monsoon rains than initially estimated.

The broader NSE Nifty ended 2.40 percent higher at 7,934.90, while the benchmark BSE Sensex rose 2.28 percent to close at 25,881.17.

Both the indexes posted their best percentage gain since March 1.

Hindustan Unilever (HLL.NS) rose 2 percent, while two-wheeler maker Hero MotoCorp (HROM.NS) was up 1 percent, following the monsoon forecast from Skymet.

(Reporting by Aastha Agnihotri in Bengaluru; Editing by Biju Dwarakanath)