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Indian shares closed higher on Monday, helped by the government's plan to offer further tax reforms and more capital to finance the country's infrastructure needs.

The NSE Nifty 50 index ended up 0.43% at 11,941.30, while the S&P BSE Sensex gained 0.36% to 40,309.53.

Stocks have been gaining steadily over the last few sessions, buoyed by positive global cues, a strong set of corporate results and expectations of a better third quarter.

Metals stocks were the top gainers, with the Nifty sub-index rising 3.14%. Meanwhile, the Nifty state-owned bank index climbed 0.7%.

Shares of Bharti Infratel Ltd surged as much as 7.48%. The stock closed up 6.20% and was the top gainer on the Nifty.

Zee Entertainment was the top loser with a 4.33% drop.

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Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.



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