Sensex, Nifty hit record closing highs

 Indian shares hit record closing highs on Monday as investors were encouraged by recent economic data which showed the country’s merchandise exports surged in September, pushing the trade deficit to a seven-month low.

The broader NSE Nifty ended 0.62 percent higher at 10,230.85, after rising to a record high earlier in the session.

The benchmark BSE Sensex closed up 0.62 percent at 32,633.64, after hitting an all-time high early in the day.

Federal Bank Ltd gained about 7 percent after posting upbeat second-quarter profit.