are chances of rate hikes in next monetary policy," said Nidhi Saraswat, Senior Research Analyst at Bonanza Portfolio Ltd. "Post Infy results, IT stocks continue to lead the rally."
Industrial output growth slowed to 0.6 per cent in August compared with 2.8 per cent in July, the government said.
Capital inflows also boosted the market as overseas investors bought a net Rs 1,010.45 crore of shares on October 11, according to provisional data from the stock exchanges.
Asian stocks ended lower, weighed down by an unexpected drop in China's exports and the US impasse on raising the nation's debt limit and restoring government operations.
Indices in Singapore, South Korea and Taiwan fell, while the Shanghai Composite rose. Markets in Japan and Hong Kong were closed. European markets traded mixed.
In the domestic market, 13 of the 30 Sensex shares gained, led by TCS (4.27 pc), Wipro (2.58 pc), Infosys (1.52 pc), Tata Motors (1.48 pc) and HDFC Bank (1.08 pc).
The major losers on the index included Hindalco Industries (3.15 pc), Tata Steel (1.88 pc), Cipla (1.75 pc), GAIL India (1.71 pc) and BHEL (1.56 pc).
Among the sectoral indices, S&P BSE IT rose 2.32 pc, followed by S&P BSE Teck 1.82 pc, S&P BSE Bankex 0.55 pc and S&P BSE Auto 0.45 pc.
The small-cap and mid-cap indices moved up 0.51 pc and 0.62 pc, respectively. However, S&P BSE Metal eased 0.64 pc, S&P BSE FMCG 0.57 pc and BSE-Capital Goods 0.42 pc.
The market breadth remained positive as 1,291 stocks ended with gains, 1,130 closed with losses and 154 ruled steady.
BSE Sensex closes near 1-month high, IT shares cheer post-Infosys Q2 results
(Reuters) BSE Sensex rose on Monday, marking their highest close in nearly one month, as technology shares continued to make record highs after Infosys cheered the sector on Friday by raising the lower end of its fiscal 2014 revenue outlook.
Tata Consultancy Services (TCS) Ltd provisionally rose 4.6 per cent after earlier marking its all-time high of Rs 2,225 while Infosys Ltd ended 1.1 percent higher, its highest close since January