With a fresh closing on the very first day of week, benchmark BSE sensex surged 553 points or 1.39 per cent to register a new record closing high of 40,268, while the broader NSE Nifty scaled new closing peak of 12,089. Nifty settled 166 points or 1.39 per cent higher after crossing the 12,100-mark for the first time in the intra-day trade.
According to traders, investors are lapping up stocks amid expectations of an interest rate cut by Reserve Bank this week.
Market ends: Sensex up by 553.42 points, Nifty closes at 12088.55
