(Reuters) – Indian shares ended at a record closing high on Monday led by State Bank of India after the nation’s biggest lender cut deposit rates on the majority of its savings accounts while investors awaited a rate cut by the central bank later this week.

The broader NSE Nifty closed up 0.63 percent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 percent.

The benchmark BSE Sensex ended 0.63 percent higher at 32,514.94, also a record-high close, and gained 5.15 percent during the month.

Source: http://in.reuters.com/article/india-sensex-nifty-stock-markets-idINKBN1AG0N6