Sensex posts highest close in a fortnight

Indian shares ended at their highest in near two weeks on Wednesday, after the government's decision to raise the price at which it will buy new-season common rice variety from domestic farmers boosted sentiment.

India has raised the price at which the government will buy new-season common rice variety from domestic farmers by 13 percent, a minister said on Wednesday, as the state looks to woo millions of farmers ahead of general elections due early next year.

The benchmark Sensex closed 0.75 percent higher at 35,645.40. The broader Nifty ended 0.65 percent higher at 10,769.90.

Both indexes ended at their highest closing levels since June 22.