Indian equity indices close at the highest level in two months. The benchmarks were led by private sector banks and Reliance Industries (RIL). RIL was at Rs 1,010 at 9:34 am, its highest ever.

BSE's S&P Sensex was up by 0.7 percent or 256 points to 34,969.70. NSE's Nifty 50 too rose by 0.7 percent or 74 points to 10,692. In terms of monthly gain, in April, Sensex was up by 6 percent while Nifty 50 was surged 5.7 percent, their best since October 2017.

Meanwhile, PC Jewellers slumped as much as 34 percent to Rs 156.50; it biggest intraday fall since it got listed. Shares of private sector lender Axis Bank rose by 10%, its best in 4 years. Its high for today was Rs 543.10.

MRF, the Chennai-based tyre maker rose as much as 4.8 percent today to cross the Rs 80,000 mark for the first time.