India's NSE index ended above the 11,000 mark and the BSE index closed above the 36,000 level for the first time on Tuesday after the International Monetary Fund said India would regain the title as the world's fastest growing major economy in 2018-19.
The broader NSE index closed up 1.07 percent at 11,083.70, while the benchmark BSE index ended 0.96 percent higher at 36,139.98. Both indexes posted record closing highs for the fifth straight session as strong earnings results buoyed investor sentiment.
IMF on Monday revised up its forecast for world economic growth and said that it expected a strong Indian economy to offset decelerating growth in China. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 percent to a fresh record peak while each of Wall Street's main indexes hit record highs on Monday.
Nifty took nearly six months to rise from 10,000 to 11,000 points, marking the fourth shortest period for the index to cover a thousand point milestone. Among stocks boosting the indexes, Infosys gained over 3 percent while Reliance Industries Ltd and State Bank of India rose 2 percent.
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