Sensex closes at record high

Indian share prices rose 0.83 per cent to close at a sixth-straight record high on Monday on Asian market trends.

Indian share prices rose 0.83 per cent to close at a sixth-straight record high on Monday on Asian market trends and fund buying in banks, software companies and Reliance Industries, dealers said.

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They said India's largest private company, Reliance Industries, rose to an all-time-high ahead of the listing of its new subsidiary, Reliance Petroleum, this week.

The benchmark 30-share Sensex index rose to an intra-day high of 12,511.07 before retracing to close 102.77 points up to 12,462.47.

"Overseas fund buying was seen in sectors which were under-performers in recent times.

Housing finance and banking stocks surged on expectation of higher growth in the real estate sector," said Atul Hatwar, a dealer with brokerage Crosseas Securities.