India shares extended record gains to a fourth session on Monday, helped by sustained overseas inflows.
Risk appetite got a lift on news reports that the government is mulling 100 percent foreign direct investment in the banking sector.
The S&P BSE Sensex jumped 0.81 percent at 35,798 while the broader NSE Nifty advanced 0.66 percent to 10,966.
Among the top Sensex gainers, ONGC rose 3.3 percent, Reliance Industries gained 4.4 percent, Tata Consultancy Services added 4.7 percent while Axis Bank was up 4 percent.
Reliance Industries gained after the company on Friday reported a near 82 percent surge in its pre-tax profit for the quarter ended December.
Oil & Natural Gas rallied after saying it will buy government's 51 percent stake in Hindustan Petroleum Corp for around Rs36,000 crore.
But Wipro shares fell 2 percent after the software maker reported a 10 percent decline in its net profit in the quarter ended December 31.
Market breadth was in favor of the gainers, with about 2 stocks advancing to every 1 stock that declined.
Meanwhile, Asian shares declined after the U.S. government shut down extended to a third day amid a dispute between President Donald Trump and Democrats over immigration.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent while Japan's Nikkei was down 0.1 percent. U.S. S&P500 mini futures dipped 0.15 percent in early trade, Reuters data showed.