Sensex soars to new record; Reliance, ONGC lead gains

Indian shares hit record closing highs on Monday for a fourth straight session led by Reliance Industries, while Oil and Natural Gas Corp gained after a deal to buy a majority stake in a state-run refiner

The broader NSE Nifty closed up 0.66 percent at 10,966.20 while the benchmark BSE Sensex ended 0.81 percent higher at 35,798.01.

Reliance rose as much as 4.6 percent to a record, while ONGC gained as much as 6.3 percent after its deal to buy a 51.1 percent stake in Hindustan Petroleum Corp Ltd.