Reuters Market Eye - The BSE Sensex gains around 200 points, while the broader Nifty is trading 60 points higher. 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.
Stocks leading gains on Sensex -- ITC rises 2.5 percent, ICICI Bank up 2 percent, HDFC Bank gains 1.4 percent.
Tata Motors and Hero MotoCorp are among the top Sensex gainers. Both the stocks were trading up between 2.7 percent and 2.9 percent as of 2:28 p.m.
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.
