Equity benchmarks started off the week on a strong note, with the Nifty hitting a record high of 9,220.65 on positive Asian cues and ahead of RBI policy meet.
After a consolidation in last week, the market gathered strength. The 30-share BSE Sensex was up 123.92 points at 29,744.42 and the 50-share NSE Nifty gained 29.90 points at 9,203.65.
The Indian rupee opened marginally higher at 64.80 per dollar against Friday's closing value of 64.85.
Reliance Industries was the leading contributor to Sensex' gains, up more than 2 percent as Reliance Jio on Friday extended Jio Prime service till April 15 enthused by the response the premium service recieved in the past few weeks. Over 72 million Jio customers have signed up for Jio Prime membership.
Tata Motors, Mahindra & Mahindra, Hero Motocorp, SBI, Ambuja Cements, ACC and UltraTech Cement were other early gainers while Bharti Airtel was biggest loser, down more than 2%.
Asian shares were mostly higher, the first trading day of the new quarter, as investors digested economic data out of Japan and Australia.
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