The Sensex touched a high of 32,687.32 points and a low of 32,445.43 points in the trade so far.
The 30-share Sensex soared 254.63 points, or 0.78 per cent to scale a new high of 32,687.32, breaking its previous intra-day record of 32,686.48 hit on August 2. The Indian rupee gained in the early trade on Monday and opened higher by 13 paise at 64.80 per dollar versus 64.93 on Friday.
Among BSE sectoral indices, metal index was the star-performer and was up 1.47 per cent, followed by consumer durables 0.96 per cent, auto 0.96 per cent and FMCG 0.76 per cent.
The NSE index Nifty was trading up by 43.25 points, or 0.42 per cent, at 10,139.65.
Underlying inflation in the United States was muted at 0.2 percent in August, data showed on Friday. Meanwhile, Colgate Palmolive (down 3.20 per cent), Adani Enterprises (down 2.21 per cent), IDFC Bank (down 2.19 per cent), ABFRL (down 2.02 per cent) and MRPL (down 1.81 per cent) pared gains.More news: Sylvester Stallone to Direct and Produce
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Shares of Bajaj Finance, Bajaj Finserv, Binani Industries, Colgate, DCB Bank, Delta Corp, DHFL, Federal Bank, Hatsun Agro, JM Financial, Kansai Nerolac, Oberoi Realty, Persistent Systems, Sasken Tech, Sterlite Tech, Texmaco Rail, Texmaco Infra, and Zee Learn will be in focus ahead of the second quarter results.
Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of United States and Chinese economic data as well as the Chinese Communist Party congress next week.
European STOXX 600 benchmark ended flat and closed 0.1 per cent up as Spanish stocks lagged, Reuters reported.
In Asia, Japan's Nikkei rallied for a sixth day to a level not seen since November 1996.