Reuters Market Eye - The Nifty rises 1.1 percent, heads for a sixth straight session of gains.
The Nifty's session high of 7,772.70 puts it within touch of its record high of 7,808.85 hit on July 8.
Reliance Industries is up 3.4 percent, adding to its 2.14 percent gain after its April-June earnings on Saturday.
Telecom stocks also lead after Idea Cellular Ltd's April-June profit beat estimates and sector regulator's guidelines for mobile phone spectrum sharing.
Bharti Airtel Ltd gains nearly 5 percent while Idea Cellular is up 4.4 percent.
Hindalco Industries Ltd gains 2.2 percent after aluminium prices hit a 16-month high.
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(Reporting by Indulal PM)