Sensex Rises Over 300 points, PSU Banks Lead

The BSE Sensex and Nifty gained nearly 1.5 per cent each on gains in PSU banking stocks and bluechips like L&T. Strong Asian markets also aided sentiment. Overseas investors bought Indian shares worth Rs 2,977 crore ($503.8 million) on Friday, which includes about $364 million (nearly Rs 2,150 crore) from the Canada Pension Plan Investment Board increasing its stake in Kotak Mahindra Bank, provisional exchange data shows. The ne...