Stock markets scaled fresh record closing highs on Monday.
BSE benchmark index Sensex gained 330 points to close at a record 38,278, and the NSE Nifty settled 81 points higher at 11,551.
Advances in metal, infrastructure and auto stocks pushed the markets higher while gains in other Asian markets also supported the sentiment.
Top gainers on the 50-scrip index were Larsen Toubro, Tata Motors, ONGC, Tata Steel and Hindalco, closing with gains of between 3 per cent and 6.7 per cent.Sentiment picked up across Asia as investors awaited developments on proposed Sino-US trade talks and the yuan rallied from alarming lows.
Investors were also encouraged by news China and the US will hold lower-level trade talks this month, offering hopes of resolving an escalating tariff war.Construction major LT rose 6.7 per cent in its biggest daily percentage gain in over two years.
It said on Saturday that the board will consider a proposal for a share buyback later this week.The Nifty infrastructure index settled 2.8 per cent higher, driven by LT.(With agency inputs)