Nifty hits life high on Modi hopes, wholesale inflation

MUMBAI (Reuters) - The Nifty rose over 1 percent on Monday to a record high as blue-chips such as ICICI Bank Ltd surged after Prime Minister Narendra Modi vowed to fire up the bureaucracy to deliver results, while easing wholesale inflation also helped.

The broader 50-share index rose as much as 1.14 percent to 7,880.50, surpassing its previous all-time high of 7,840.95 hit on July 25.

ICICI Bank provisionally rose 3.6 percent, while Larsen and Toubro Ltd advanced 2.2 percent.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)