Stock markets closed marginally higher on Monday with index heavyweights Reliance Industries and Housing Development and Finance Corporation (HDFC) gaining substantially.
The S&P BSE Sensex closed 113 points up at 36,582 while the Nifty 50 closed 18 points higher at 10,912.
At the S&P BSE, Reliance closed 3.52 per cent higher at Rs 1,291.15. HDFC was up 0.87 per cent higher at Rs 1,978.
Among other gainers were Titan, Eicher Motors, ONGC, and Bajaj Auto. The losers included Hero Motorcorp, Tata Motors, IndusInd bank, and NTPC.
Investors are looking forward to a meeting of the Reserve Bank of India's Monetary Policy Committee (MPC) on February 7 to take a call on the interest rates.
Meanwhile, Asian stocks were on a high after a mixed performance on the Wall Street when last week closed. The dollar too firmed up against the yen following strong US job and manufacturing data.