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Indian shares edge up on strong buying in state-owned banks and metal companies on expectations ofa rebound in economic activity.The NSE index is up 0.16 pct at 8,444.25 after touching a record high of 8,454.50 earlier in the day.

The BSE index is higher 0.28 pct at 28,256.80 after hitting a new high of 28,282.85.Gains are supported by foreign inflows through exchange-traded funds - traders.Overseas investors bought shares worth $106.28 million on Monday, adding to $1.66 billion in fresh inflows so far thismonth.

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