The broader NSE index closed higher for a fifth straight session, up 0.28% at 11,877.45, its highest since July. The benchmark BSE index, which hit a record high during the session, closed at its highest since June, up 0.19% at 40,129.05. It finished in positive territory for the fourth consecutive session. The Nifty PSU Bank index, which tracks the country's state-run lenders, settled up nearly 4%, with State Bank of India adding 7.8%.

Shares of Infosys Ltd gained 4% and were among the top five gainers on the NSE index. Indian Oil Corp Ltd fell 0.2% after the oil retailer reported a slide in quarterly profit.

Copyright Reuters, 2019