Sensex, Nifty end at fresh record highs; Airtel rallies 6%

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Metal stocks outshined with shares of Vedanta (up 4.29 per cent), Jindal Stainless (Hisar) (up 3.40 per cent), Tata Steel (up 2.88 per cent), JSW Steel (up 2.50 per cent), NMDC (up 2.12 per cent) and Hindalco Industries (up 1.80 per cent) pushing the Nifty Metal (up 1.87 per cent) to being the top sectoral gainer.

Better-than-expected macroeconomic data boosted investors' sentiment, which helped key Indian equity indices to touch a record high on Monday. Markets will open on Diwali (Thursday) for an hour for Muhurat trading session.

At 10.30 AM: Sensex was up by over 181 points or 0.56% at 32,614.58 while the wider Nifty was up by over 59 points or 0.58% at 10,226.85.

Mumbai: The BSE Sensex rose by 200.95 points to close at an all-time high of 32,633.64 as investor optimism climbed following encouraging comments from the International Monetary Fund chief.

The Sensex was trading 182.24 points or 0.56 per cent higher soon after opening.

The Sensex touched a high of 32,687.32 points and a low of 32,445.43 points in the trade so far.

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Globally, markets remained weak with China's blue-chip CSI300 index falling 0.2 per cent to 3,913.45, while the Shanghai Composite Index lost 0.4 per cent to 3,378.47.

Investors also cheered official data, which showed that India's annual wholesale price inflation unexpectedly eased to 2.60 percent in September after accelerating in the previous two months.

Shares of Bharti Airtel and Bharti Infratel hit the 52-week highs, rising 1.7% and 1.5% respectively. However, Axis Bank fell 2.07 pct, Reliance by 1.11 pct and SBIN 0.51 pct. As per this news, the response to the stock market increased.

European STOXX 600 benchmark ended flat and closed 0.1 per cent up as Spanish stocks lagged, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan gained for a fifth day running to its highest level since late 2007.