India shares extended record gains to a fourth session on Monday, helped by sustained overseas inflows.
Risk appetite got a lift on news reports that the government is mulling 100 percent foreign direct investment in the banking sector.
The S&P BSE Sensex jumped 0.81 percent at 35,798 while the broader NSE Nifty advanced 0.66 percent to 10,966.
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Among the top Sensex gainers, ONGC rose 3.3 percent, Reliance Industries gained 4.4 percent, Tata Consultancy Services added 4.7 percent while Axis Bank was up 4 percent.
Reliance Industries gained after the company on Friday reported a near 82 percent surge in its pre-tax profit for the quarter ended December.
Oil & Natural Gas rallied after saying it will buy government's 51 percent stake in Hindustan Petroleum Corp for around Rs36,000 crore.
But Wipro shares fell 2 percent after the software maker reported a 10 percent decline in its net profit in the quarter ended December 31.
Market breadth was in favor of the gainers, with about 2 stocks advancing to every 1 stock that declined.
Meanwhile, Asian shares declined after the U.S. government shut down extended to a third day amid a dispute between President Donald Trump and Democrats over immigration.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent while Japan's Nikkei was down 0.1 percent. U.S. S&P500 mini futures dipped 0.15 percent in early trade, Reuters data showed.
