Indian shares surged on Monday to record highs as blue chips such as Coal India and Larsen & Toubro continued to rally on hopes of wide-ranging reforms by the new Narendra Modi government.
The benchmark BSE index rose as much as 0.98 percent to hit a record high of 25,644.77, surpassing the highest level posted on Friday. The index closed 0.72 percent higher at 25,580.21.
The broader NSE index gained as much as 1.2 percent to hit an all-time high of 7,673.70. The index closed up 0.94 percent at 7,654.60.
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