The two Indian equity benchmarks closed at a record high on Monday. S&P BSE Sensex Index closed 0.36 percent higher at 37,691.89, while the NSE Nifty 50 Index closed 0.2 percent higher at 11,387.10. They were mainly driven by shares of shares of ICICI Bank, State Bank of India and Axis Bank, who were among the top gainers at the two stock exchanges today.

Seven out of eleven sectoral gauges compiled by NSE (National Stock Exchange) with NSE Nifty PSU Bank Index's leading a 2.6 percent gain. On the other hand, NSE Nifty Pharma Index was the top sectoral loser, down by 0.97 percent.

Shares of HDFC AMC received a grand opening in the stock market today. It was listed at a premium of 58 percent at Rs 1,739 per share. It later rose as much as 65.5 percent to Rs 1,820 per share.