Benchmark indices ended higher by almost 2% with the Nifty50 index hitting the highest mark since August, 2015, supported by strong global cues as stronger-than-expected US jobs report suggested that recovery in the world's largest economy was back on track.
In the broader market, the BSE Midcap index hit a record high of 12,079 and the NSE Midcap 100 hit 14,299.
Index of Industrial Production and inflation data, quarterly earnings from blue-chips TCS and Infosys and progress of monsoon rains will be key determinants for the stock market this week, say experts.
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