State Bank of India leads Sensex to new closing high
Photo Credit: Reuters

Indian shares ended at a record closing high on Monday led by State Bank of India after the nation's biggest lender cut deposit rates on the majority of its savings accounts while investors awaited a rate cut by the central bank later this week.

The broader NSE Nifty closed up 0.63 percent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 percent.

The benchmark BSE Sensex ended 0.63 percent higher at 32,514.94, also a record-high close, and gained 5.15 percent during the month.

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