Sensex, Nifty close at record high

Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country's merchandise exports surged in September, pushing the trade deficit to a seven-month low.

The broader NSE Nifty ended 0.62 per cent higher at 10,230.85, after rising to a record high earlier in the session.

The benchmark BSE Sensex closed up 0.62 per cent at 32,633.64, after hitting an all-time high early in the day.

Federal Bank Ltd gained about 7 percent after posting an upbeat second-quarter profit.