Indian shares ended higher for a third consecutive session on Monday, driven by gains in IT and financial stocks, with software services exporter Tata Consultancy Services (TCS) crossing $100 billion in market capitalisation. The benchmark BSE index closed up 0.1 percent at 34,450.77, while the broader NSE index ended 0.2 percent higher at 10,584.70.
TCS shares ended down 0.2 percent after hitting a record high earlier in the session.
The Nifty IT index gained as much as 2 percent to touch a record high.
The Indian rupee fell to as low as 66.235 against the dollar, its weakest level since March last year. It has fallen 1.5 percent so far this month.
"Market is waiting to take a direction amid mixed news... There is caution ahead of earnings season and high crude (oil) levels," said Neeraj Dewan, director at Quantum Securities.
Market heavyweights Reliance Industries, Wipro Ltd and Bharti Airtel Ltd are expected to report March-quarter earnings this week.
Financials stocks also rose, with Yes Bank and Kotak Mahindra Bank among top percentage gainers. Indiabulls Housing Finance rose as much as 2.3 percent after strong results in the March quarter.
HDFC Bank Ltd posted a record profit for the March quarter, but its bad loans rose. Shares pared initial gains to trade 0.6 percent lower.