Mumbai, Aug 3 - The Nifty, a key index of the Indian National Stock Exchange (NSE), rose smartly towards closing bell Monday to shut shop at a 14-month high.

A buoyant opening at key European bourses also helped Indian markets to move higher.

The Nifty ended trade at 4,722.25 points (provisional), up 1.85 percent from Friday's closing figure of 4,636.45. At this level, it ended highest since June 6, 2008.

Auto, realty and metal stocks led the rally with heavy weight scrips ending with handsome gains.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) also ended trade on a high, moving up 292.62 points or 1.87 percent to 15,962.93 points.

Broader market indices too ended in the positive terrain, with the BSE midcap index closing 2.44 percent up, while the BSE smallcap index ended 1.79 percent higher.