Sensex, Nifty end at record closing high

The BSE Sensex and Nifty surged to record highs on Monday 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 Nifty gained as much as 1.2 per cent to hit an all-time high of 7,673.70, breaking the highest level touched on Friday. The index provisionally closed 0.82 per cent higher at 7,645.80.

The Sensex also gained as much as 0.98 per cent to hit a record high of 25,644.77. The index closed 0.72 per cent higher at 25,580.21.