India's broader NSE Nifty index climbed a new record high on Monday, tracking gains in Asia following a record-breaking Wall Street session, helped by sustained overseas inflows.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 percent to reach heights not visited since late 2007.
For markets, this week's main event will be the Federal Reserve's policy meeting on Tuesday and Wednesday, where it is likely to take another step toward normalisation on what is rapidly becoming a global trend, Reuters reported.
At 0650 GMT, the S&P BSE Sensex advanced 0.65 percent at 32,482 while the broader NSE Nifty touched a record high of 10,167 before paring some gains to trade up 0.77 percent at 10,162 points.
Among the top Sensex gainers: Bajaj Auto advanced 3.2 percent, Larsen and Toubro jumped 2.4 percent, Tata Motors gained 1.9 percent while Hero MotoCorp gained 1.4 percent.
Shares of Bharat Road Network debuted little changed on the bourses on Monday, after the road builder's Rs 600 crore initial public offer was subscribed 1.81 times last week.
Cadila Healthcare rose 1.2 percent after the company said Nesher Pharmaceuticals, a subsidiary of its US arm, has received final approval from the U.S. health regulator to market Oseltamivir used for treatment and prevention of influenza.
Laggards included Reliance Communications, which lost 2.2 percent. Sweden's Ericsson filed a plea with an insolvency court against Reliance Communications.
Alkem Laboratories declined 3 percent after the company said that the U.S. drug regulator has issued three observations for its Baddi unit.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.
