The Indian markets began the trading session on a positive note taking cues from their global peers. The BSE Sensex is at 15,979, up 283 points and the Nifty is at 4,794, up 84 points.
The Nikkei average climbed almost 2% on Monday, helped by climbs in US stock futures and by a report that the International Monetary Fund was considering support for Italy as bond yields across the euro zone spiked to new highs. The Singapore Nifty futures are at 4,768, up 61 points.
MSCI's broadest index of Asia Pacific shares outside Japan rose 1.6%, after slumping to its lowest level since early October on Friday to mark a fourth consecutive week of declines. The Shanghai Composite and Hang Seng indices have also advance nearly 1-2% each.
Last week on Friday, markets ended near the day's lows after a volatile trading session as foreign institutional investors remained sellers tracking weakness in Europe and Asia. The BSE benchmark index dropped once again to a low of 15,645 and finally ended at 15,695 - down 163 points. Nifty ended down 46 points at 4,710.
For the week ended November 25, the Sensex and the Nifty were both down nearly 4% each.
Among the sectoral indices, BSE Capital Goods and Realty indices, up 1-3% each, are the leading the gains. Usha Martin, Suzlon Energy, BGR Energy Systems, Punj Lloyd and Praj Industries, up 3-4% each, are the gainers from the Capital Goods sector.
BSE IT, Metal and Oil & Gas indices, down 2% each, are leading the losses.
Among the Sensex 30 stocks, Sterlite Industries, DLF, Jindal Steel, Hindalco Industries and BHEl, up 2-3% each, are the prominent gainers.
There are no losers from the pack.
The overall market breadth is positive as 814 stocks have advanced against 219 declining ones, on the BSE.
