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Sensex recovers, hits highest close in a week

Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, February 17, 2016. REUTERS/Shailesh Andrade/Files (Reuters)

(Reuters) - Indian shares rose on Monday, recovering from an earlier fall of 0.5 percent as gains in a few blue chips such as ITC offset a slump in state-run lenders such as Bank of Baroda because of poor quarterly results. The broader NSE Nifty closed up 0.59 percent at 7,860.75, marking its highest close since May 9, while the benchmark BSE Sensex ended up 0.64 percent at 25,653.23. ITC jumped 3.15 percent, but Bank of Baroda slumped 8.3 percent. (Reporting by Aastha Agnihotri in Bengaluru; Editing by Sherry Jacob-Phillips)