* NSE index up 0.71 pct, BSE index 0.87 pct higher
* Infosys top drag with 3 pct decline
Aug 20 (Reuters) - Indian shares rose on Monday to record closing levels, driven by Larsen & Toubro on a buyback proposal, while Infosys Ltd declined following the resignation of its chief financial officer.
The benchmark BSE index closed 0.87 percent higher at 38,278.75, while the broader NSE index ended up 0.71 percent at 11,551.75.
Shares of Larsen & Toubro rose 6.7 percent and Reliance Industries Ltd gained 2.6 percent, while Infosys fell 3 percent.
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Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu