The stock markets started Monday's session on a positive note, with the BSE Sensex rising 200 points.
Gains were led by banking, energy and pharma stocks.
National Stock Exchange (NSE) benchmark index rose as much as 67points to touch 10,673.
Thirty four stocks on the Nifty 50 were trading in the positive zone.
Top gainers on the 50-scrip Nifty index were Indian Oil, Hindustan Petroleum, Bharat Petroleum, Sun Pharma and Lupin, trading with gains of between 3.1 per cent and 6.4 per cent.Among oil gas stocks, GAIL India went up 2.4 per cent while Reliance Industries rose 0.2 per cent.State-run oil marketing companies rose after Brent crude futures dropped as much as 2.6 per cent to $74.49 per barrel, their lowest level in about three weeks.
They last stood at $75.00, down 1.8 per cent.
(Petrol, Diesel Prices Hiked For 15th Day In A Row)Shares in other Asian marketsgained on signs the US and North Korea were still working towards holding a summit.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent.
Japan's Nikkei lost steam to trade flat and the broader Topix dipped 0.2 per cent.South Korea's KOSPI rose 0.7 per cent.On Friday, the Wall Streethad ended mostly lower.The Dow Jones Industrial Average fell 0.24 per cent, the SP 500 lost 0.24 per cent and the Nasdaq Composite added 0.13 per cent.Domestic institutional investors (DIIs) net bought shares worth Rs 887.76 crore on Friday while foreign portfolio investors (FPIs) net sold shares worth Rs 768.29 crore, according to provisional data from the NSE.The BSE Sensex had closed261 points higher at34,924 on Friday while the NSE Nifty had settledat 10,605, up 91 points.(With agency inputs)