Indian shares end at record highs on Airtel, banks boost

BENGALURU: Indian shares ended at record highs on Monday, led by gains in telecom firm Bharti Airtel and bank stocks, with sentiment also supported by cautious U.S. Federal Reserve signals on winding down stimulus.

The blue-chip NSE Nifty 50 index ended 1.35% higher to 16,931.05, its sixth straight session of gains, and the benchmark S&P BSE Sensex rose 1.36% to 56,889.76. Both indexes clocked their best session in nearly a month.

The Nifty had 38 record closing highs, while the Sensex marked 35 fresh closing peaks this year as of Monday’s close, according to Refinitiv data.