BENGALURU, March 4 Reuters Indian shares logged modest gains on Monday, marking a third straight session of record highs, helped by a rise in energy stocks.

The bluechip NSE Nifty 50 index added as much as 0.28 to a new record high of 22,440.90, before settling 0.12 higher at 22,405.60. The BSE Sensex rose 0.09 to 73,872.29.

Both the benchmarks have recorded fresh closing highs for three consecutive sessions after data showed Indian economy grew at its fastest pace in six quarters in OctoberDecember.

Meanwhile, Moody39;s Investor Service significantly raised its 2024 growth forecast for India on Monday to 6.8 from 6.1 earlier.

The macroeconomic narrative has further strengthened in favour of Indian equity markets, Neeraj Chadawar, head of research at Axis Securities, said, referring to the growth data and Moody39;s upgrade.

Eight of the 13 major sectors logged gains. Energy and oil and gas jumped about 2 each.

NTPC added 3.54 after the company approved, an investment of 171.95 billion rupees 2 billion for the Singrauli super thermal power project in Uttar Pradesh.

Power Grid Corporation of India rose 2.72 to hit a new record high. The company approved a 12billionrupees fund raise proposal, on the day.

Information technology stocks dropped 0.77 while auto and consumer stocks shed about 0.5 each, capping index gains.

The broader, more domestically focussed smallcap index dropped 0.51, underperforming the bluechip indexes, while the midcaps mirrored benchmarks,…