MUMBAI : India's benchmark equity indices closed at record highs on Monday led by gains in information technology and realty stocks, and on positive cues from other Asian markets.

Sensex gained 0.62% or 259.97 points to close at 41859.69, while Nifty rose 0.59% or 72.75 points to close at 12329.55.

All sectoral indices closed in the green. BSE Realty was the biggest gainer, up 2.12%, followed by BSE IT index with 1.85% gains and BSE Telecom index with 1.75% gains.

Sentiment also got a boost as India’s industrial production recovered from three months of contraction to expand 1.8% in November, signalling an early but weak improvement in the economy. The recovery, which comes against the backdrop of near-flat output growth seen in the same month a year ago, was driven by a 2.7% expansion in manufacturing output, official data from the Central Statistics Office showed on Friday.

Manufacturing output had been shrinking for the past three months with a 2.1% contraction in October. It had seen a 0.7% contraction last November.

Infosys Ltd gained 4.76% to close at 773.40 after the company said its audit committee found no evidence of financial impropriety or executive misconduct. The company also raised its FY20 revenue guidance. The revised guidance is 10.0%-10.5% in constant currency against 9-10% estimated earlier. It maintained FY20 operating margin guidance range of 21%-23%.

Hindustan Construction Company (HCC) jumped 9.78% to 11.34 after its lenders initiated a debt/asset carve-out plan of about 2,100 crore to a third-party-controlled SPV in a bid to significantly deleverage the firm and stablize its asset-liability mismatch.

Yes Bank fell 6.03% to close at 42.10 after its audit committee chairman Uttam Prakash Agarwal resigned as independent director. Agarwal’s resignation comes at a time when the private sector lender is desperately scouting for capital to stay compliant with the central bank’s norms.

Tata Elxsi jumped 5.17% to close at 891.20 after the company announced robust Q3 2019 result. On a standalone basis, Tata Elxsi reported a 51.43% jump in net profit to 75.42 crore as against 49.80 crore reported in Q2. Revenue from operations rose 9.75% to 423.43 crore on a QoQ basis.

Avenue Supermarts rose 1.56% to close at 1,905.95 after the company reported a 53.3% year-on-year rise in standalone profit at 394 crore compared with 257 crore posted in the same quarter last year.

Asian indices closed higher. Hong Kong's Hang Seng index rose 1.11% and China's Shanghai Composite index gained 0.75%.