Indian shares rose nearly 2 percent on Thursday to post their third session of gains, as Larsen & Toubro surged after upbeat March-quarter results, raising hopes about the domestic economy.

 

The broader NSE Nifty ended 1.7 percent higher at 8,069.65, while the benchmark BSE Sensex rose 1.88 percent to close at 26,366.68.

 

Larsen & Toubro jumped as much as 15 percent to its highest since October 2015. It closed up 14.1 percent.

 

Bajaj Auto gained 0.81 per cent after the two-wheeler maker on Wednesday reported a 29 per cent rise in its March-quarter net profit.

 

However, Aditya Birla Fashion and Retail tanked 6 per cent after March-quarter loss widened to around Rs 110 crore.