Indian share prices closed 1.32 percent up at a record high on Monday, with cash-strong mutual funds buying into index blue chips, dealers said.
Reliance Communication Ventures (RCoVL), headed by Anil Ambani, led the march with a strong debut listing at the exchanges, as telecom and power stocks gained, they said.
The benchmark 30-share Sensex rose 139.93 points to 10,735.36.
"The Reliance cellular listing stole the show, trading above analyst expectations. The buying momentum and market width remain positive though we could see choppy trading in the next few trading sessions," said Atul Hatwar, dealer with brokerage Crosseas Securities.