Rising for the fifth day, benchmark Sensex on Monday gained over 287 points to log a new closing peak of 26,390.96 and the Nifty soared about 83 points to close at new record of 7,874.25 as investors cheered PM Narendra Modi's August 15 pledge.
Low-cost carrier SpiceJet jumps 13.5% after April-June results. June quarter operating profit at Rs. 90 million ($1.48 million) before restructuring and certain one-off costs, helps the rally.
An investment outfit affiliated to Brunei has offered $2.2 billion for the Plaza and Dream Hotel in New York and Grosvenor House in London, according to multiple reports.
To safeguard investors' interest,new norms for the launch of Real Estate Investment Trusts (REITs) in India will require such bodies to take adequate insurance cover for their realty assets and bar them from promising any guaranteed returns.