India's equity benchmarks have reached record highs on Monday, driven by a stronger-than-expected economic growth in the quarter through September.
The benchmark Nifty rose 0.31% to 26,284.40 and Sensex gained 0.35% to 86,008.46, as of 10:14 a.m. IST, after rising about 0.5% to all-time highs earlier in the session.
"Strong growth data has buoyed investors' confidence, helping markets hit record highs," said Simran Jeet Singh Bhatia, senior research analyst of equity at Almondz Group.
Cooling valuations, expectations of an earnings recovery, and favourable fiscal and monetary policies had boosted the blue-chips to all-time peaks last week.
Investors await the Reserve Bank of India's rate decision on December 5, with strong growth increasing the likelihood of a rate pause, according to analysts.
