Indian markets settled on a buoyant note on Monday with Sensex and Nifty at their new record highs. The upbeat sentiment was due to sustained buying interest seen in heavyweights. Investors await for macro economic data-Inflation, forex reserves and industrial production to be announced this week. Oil & gas and FMCG stocks witnessed a gain whereas consumer durables stocks witnessed a fall.

At the close, the benchmark 30-share index, BSE Sensex gained 293.15 points or 1.08% at 27,319.85. Meanwhile, the broad based NSE Nifty climbed by 87.05 points or 1.08% at 8,173.90.

Top gainers were Hindalco (3.49%), ONGC (2.78%), SBI (1.94%) and HDFC Bank (1.80%)

Major losers were NTPC (1.61%), M&M (0.75%), Tata Power (0.34%) and HDFC (0.18%)

The BSE Mid and small caps outperformed their larger counterparts gaining 1.29% and 2.11% respectively.

The Oil & Gas index was at 11,661.18, up by 205.04 points or by 1.79%. The FMCG index was at 7,461.75, up by 102.94 points or by 1.40%.

On the other hand, the Consumer Durables index was at 9,638.68, down by 20.99 points or by 0.22%.