Mumbai, Dec. 1 -- The domestic stock market started the week on a strong note as the Nifty 50 index opened at a new all-time high on Monday.

The sharp rise came after India's strong GDP numbers boosted investor confidence and lifted expectations of a possible rate cut by the Reserve Bank of India (RBI).

The Nifty 50 index opened at 26,325.80, marking a gain of 122.85 points (0.47 per cent). The BSE Sensex also began the session on a positive note, opening at 86,065.92, up 359.25 points (0.42 per cent).

On Thursday, last week, both indices also scaled new lifetime peaks.

Market experts said the blockbuster GDP data has provided substantial support to the indices, raising hopes that the RBI may consider a 25 basis points rate cut in its...