india trader
Traders work at a brokerage in Mumbai, India. Reuters

Indian shares rallied to a record high on Monday, led by gains in software exporters such as Infosys and Wipro.

At 0600 GMT, S&P BSE Sensex gained 0.21 percent to 32,087 while the broader NSE Nifty advanced 0.23 percent to 9,909.

Asian stocks also rose, with the MSCI's broadest index of Asia-Pacific shares outside Japan up about 0.4 percent.

Back home, Wipro led gains, rising 4.1 percent after saying it's considering a buyback. Infosys was the second-best performer, advancing after raising a sales forecast on Friday.

Indraprastha Gas jumped 3 percent after the company said it got permission from Haryana to lay gas distribution network.

Rolta India rose 7 percent after it got geospatial digital transformation order worth $10.80 million.

Other gainers included Adani Ports, Mahindra and Mahindra, Reliance Industries, gaining between 1.2 percent to 1.6 percent.

Losers were Coal India, ITC, Axis Bank and Hindustan Unilever, down between 0.5 percent to 2.5 percent.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.