Sensex, Nifty rise to record highs

MUMBAI, Nov 24 (Reuters): The BSE Sensex and Nifty rose to record highs on Monday after the prospect of further policy stimulus in China and Europe whetted risk appetite globally, while expectations of more reforms during the ongoing winter session of parliament also helped.
Global shares rallied as China is ready to lower rates again after Friday's surprise cut to shore up the cooling economy, while European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation.
Volatility is expected though in the coming sessions due to upcoming events including expiry of November derivative contracts, Manglik added.