Equity benchmark Sensex jumped over 160 points to close at its fresh lifetime peak on Monday, driven by gains in index majors Reliance Industries and Infosys amid strong global cues and unabated foreign capital inflows.
The 30-share index settled 166.96 points or 0.29 per cent higher at 58,296.91. It touched an intra-day record of 58,515.85.
Similarly, the broader NSE Nifty climbed 54.20 points or 0.31 per cent to its new closing record of 17,377.80. During the session, it touched an all-time peak of 17,429.55.
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HCL Tech was the top gainer in the Sensex pack, rising over 2 per cent, followed by Infosys, Reliance Industries, Tech Mahindra, Bajaj Auto and M&M.
On the other hand, IndusInd Bank, Kotak Bank Bank, Power Grid, Sun Pharma and Asian Paints were among the laggards.
In Asia, bourses in Shanghai Seoul, Tokyo and Hong Kong ended with significant gains.
Equities in Europe were trading on a positive note in mid-session deals.
"Indian markets started on a positive note following positive Asian markets cues as US Fed's tightening fears cool off following disappointing jobs data and Fed Chairman comments emphasising the need for stronger jobs data before the central bank would start to unwind its massive bond-buying programme.
"During the afternoon session, markets continued to trade in the positive zone as traders continue to get encouragement with regular foreign capital inflows on the back of strong global cues and domestic economic activity," said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
Meanwhile, international oil benchmark Brent crude rose 0.80 per cent to USD 72.03 per barrel.
Foreign institutional investors were net buyers in the capital market on Friday, as they purchased shares worth Rs 768.58 crore, as per exchange data.
Rupee Drops 8 Paise To Close At 73.10 Against US Dollar
The rupee on Monday declined by 8 paise to close at 73.10 (provisional) against the US currency tracking the strengthening of the greenback in the overseas markets.
At the interbank foreign exchange market, the domestic currency opened flat at 73.02, then lost ground and settled for the day at 73.10, down 8 paise over its previous close.
During the trading session, the local unit witnessed an intra-day high of 73.02 and a low of 73.11 against the American currency.
On Friday, the rupee had settled at 73.02 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.28 per cent higher at 92.29.
Gold Declines Rs 71; Silver Jumps Rs 263
Gold in the national capital on Monday declined Rs 71 to Rs 46,503 per 10 gram in line with weak global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 46,574 per 10 grams.
In contrast, silver gained Rs 263 to Rs 64,168 per kilogram from Rs 63,905 per kilogram in the previous trade.
In the international market, gold was trading lower at USD 1,826 per ounce and silver was flat at USD 24.78 per ounce.
"Gold prices traded off the two months high on Monday witnessing some selling on dollar recovery," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.