The market on Monday bounced back after losing more than six percent in previous week with the Sensex surging 296.17 points or 1.29 percent to 23282.29 and the Nifty climbing 97.65 points or 1.40 percent to 7078.60.
Bank of Baroda shot up 15.47 percent despite posting loss in Q3 due to higher provisions. Vedanta, Tata Steel, Adani Ports, PNB, Axis Bank, Hindalco and SBI gained 3-7 percent.
The Indian rupee has opened marginally higher at 68.19 a dollar today against Friday's close of 68.23 a dollar.
Asian markets barring China traded higher. Nikkei surged over five percent and Hang Seng rose nearly three percent, tracking positive close on Wall Street. Shanghai fell 1.6 percent.