Markets at 3.30 pm : The BSE benchmark Sensex ended the session higher by 164.91 points or 0.58 per cent at 28,499.54 and the NSE index Nifty ended up by 52.8 points or 0.62 per cent at 8,530.15.
Domestic sentiment was buoyed after the prospect of further policy stimulus in China and Europe whetted the risk appetite globally, while expectations of more reforms during the ongoing winter session of Parliament also helped.
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2.15 pm: The Sensex was trading up 159.24 points or 0.56 per cent at 28,493.87 and the Nifty was trading higher by 49.10 points or 0.58 per cent at 8,526.45.
1.35 pm : The Sensex was trading at 28,469.16, up 134.53 points or 0.47 per cent and the Nifty was trading at 8,513.35, up 36 points or 0.42 per cent.
12.34 pm : The Sensex was trading at 28,445.23, up 110.60 points or 0.39 per cent and the Nifty was trading at 8,509.60, up 32.25 points or 0.38 per cent.
11.45 am : The Sensex was trading at 28,451.09, up 116.46 points or 0.41 per cent, and the Nifty was trading at 8,505.80, up 28.45 points or 0.34 per cent.
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Traders expect China's unexpected interest rate cut on Friday to boost demand. Prospects of further stimulus by China to support the world's second biggest economy remain bright, analysts say.
Also, the European Central Bank has indicated that it would step up asset purchases to boost the euro zone economy.
A report by SMC Investments and Advisors said: "Asian stocks rose, with a regional gauge heading for its biggest advance this month, after US indexes reached another record as China's unexpected interest-rate cut stoked optimism in the global economy.China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 per cent. The one-year deposit rate was cut by 25 basis points to 2.75 per cent.''
Brokers said sustained capital inflows on expectations of further economic reforms by the government as the Winter Session of Parliament begins today and a firm trend in global markets as China’s surprise move last week to cut interest rates for the first time in more than two years, boosted the trading sentiment.
European stocks were trading higher on Monday, adding to Friday's sharp rally sparked by dovish comments from the European Central Bank President, Mario Draghi, and a surprise interest rate cut in China. Asian stocks were also up.
Opening bell: Positive global cues resulting due to a surprise rate cut by the Chinese Central Bank saw the Nifty and the Sensex hit yet another record-high in the opening trade.
The BSE benchmark Sensex surged 180.35 points to hit yet another record high of 28,514.98 and the NSE index Nifty breached 8,500-mark for the first time in opening trade.