The BSE benchmark Sensex jumped over 200 points in early trade on Monday, led by gains in financial stocks amid firm cues from global markets.
The BSE index was trading 201.64 points or 0.52% higher at 38,636.36; while the NSE Nifty was up 65.05 points or 0.57% at 11,436.65.
Kotak Bank was the top gainer in the Sensex pack, rising around 2%, followed by Asian Paints, HDFC duo, Tata Steel, IndusInd Bank, ICICI Bank and SBI. On the other hand, HCL Tech, Tech Mahindra, PowerGrid, Titan, Infosys and TCS were among the laggards.
In the previous session, the Sensex closed 214.33 points or 0.56% higher at 38,434.72; while the Nifty rose 59.40 points or 0.53% to close at 11,371.60.
Exchange data showed that foreign institutional investors bought equities worth ₹410.16 crore on a net basis on Friday.
Traders said domestic bourses followed positive trend in global equities.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with significant gains in mid-day deals.
Global oil benchmark Brent crude was trading 0.04% lower at $44.91 per barrel.