Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after sliding for the past three sessions tracking positive trends in Asian markets and buying in blue-chip stocks.
Besides, traders said fresh foreign fund inflows also supported investors' sentiment.
The 30-share BSE Sensex climbed 267.74 points or 0.32 % to 83,484.02 in early trade. The 50-share NSE Nifty advanced 84.90 points or 0.33 % to 25,577.20.
Among the 30 Sensex firms, Asian Paints, Bharat Electronic Ltd, Larsen & Toubro, Titan, Reliance Industries, Tata Motors Passenger Vehicles, Infosys, Bajaj Finserv, Axis Bank, Bajaj Finance, ITC and Bharti Airtel were the gainers.
Trent Ltd, Power Grid, Mahindra & Mahindra, NTPC, State Bank of India, Adani Ports and UltraTech Cement were among the laggards.
In Asian markets, South Korea's Kospi jumped 3 %, Japan's Nikkei 225 index gained nearly 1 %, and Hong Kong’s Hang Seng rose 0.47 %, while Shanghai’s Composite Index was trading marginally lower.
The US markets ended largely higher on Friday.
Foreign Institutional Investors (FIIs) bought equities worth ₹ 4,581.34 crore on Friday, while Domestic Institutional Investors outnumbered the FIIs by acquiring the stocks worth ₹ 6,674.77 crore, according to the exchange data.
Brent crude, the global oil benchmark, increased by 0.64 % to $ 64.04 per barrel.
On Friday, the 30-share BSE Sensex declined 94.73 points to settle at 83,216.28. The 50-share NSE Nifty dipped 17.40 points to 25,492.30.
