Reuters Market Eye - The BSE Sensex gains 0.84 percent, while the broader Nifty is 0.57 percent higher, trading above the key 6,000 level.
Gains track strong Japanese equities which scaled a near five-year peak after the Standard & Poor's 500 Index closed at a record high overnight on renewed hopes of a steady U.S. recovery.
Blue-chip shares such as Reliance Industries Ltd gain on hopes that strong portfolio flows would continue to favour India in the near term, dealers say.
Reliance Industries is up 1 percent while ITC Ltd gains 2.15 percent.
Foreign institutional investors were net buyers of 8.97 billion rupees of stocks on Monday, taking the 2013 net buying to a total of $12.17 billion, provisional exchange data showed.
GlaxoSmithKline Pharmaceuticals Ltd gains 7.3 percent ahead of its January-March earnings later in the day.
(Reporting by Abhishek Vishnoi)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app