The massive surge was supported by gains in banks and financials. The 30-share BSE Sensex pack soared 599 points to hit a record high of 76,010, while the broader NSE Nifty index moved over 151 points higher to trade at a fresh lifetime peak of 23,108.
Nifty on Monday ended 25 points lower to form a minor bearish candle on the daily chart. The up move was not supported by the momentum as on the hourly time frame there is a negative crossover, analysts said.
Indian blue-chip equity indices ended flat on Friday, with NSE Nifty 50 and S&P BSE Sensex gaining 2.2% and 2.02% for the week, led by financials and metal stocks.