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Shares rally to record amid gains in Larsen and Reliance

Larsen rose 5.5 per cent to close at its highest price since August 2015

A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
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A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai

Ameya Karve Mumbai
Benchmark Sensex and the NSE Nifty 50 Index closed at all-time highs, after capping their best quarter since 2014, boosted by gains in Reliance Industries and Larsen & Toubro.

The Sensex advanced one per cent at the close in Mumbai, while the Nifty rose 0.7 per cent. Reliance rallied 4.1 per cent to its highest closing price since January 2008 after converting more than 72 million of its free mobile-phone service subscribers to paying users. Markets will be shut Tuesday for a public holiday.

Larsen rose 5.5 per cent to close at its highest price since August 2015. The company will see