Equity benchmark indices opened on a strong note after six days of losses in a row tracking global peers amid concerns about the impact of the coronavirus pandemic on the world economy.
On the economy front, India's GDP or gross domestic product expanded 4.7% in October-December, in line with economists' estimates.
The Sensex rose 514 points or 1.3% at 38,812, and the Nifty up 152 points or 1.36% at 11,354. About 1,322 shares have advanced, 390 shares declined, and 513 shares are unchanged.
The Indian rupee opened higher by 10 paise at 72.07 per dollar on Monday vs. Friday's close 72.17/$.
Bharti Infratel, ICICI Bank, JSW Steel, Vedanta, IOC, NTPC, Hindalco, and UPL are among major gainers on the Indices, while Kotak Mahindra Bank is the only loser on the Nifty index.
Asian equities traded higher with, Japan's Nikkei 225 was up 1.1%, Hang Seng index in Hong Kong traded 0.70% higher and the Shanghai Composite index in China jumped 2.7%.
Meanwhile, SBI Cards and Payment Services' IPO or initial public offer will open later in the day.
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