The domestic markets took positive cues from Asian peers, where equities inched up to seven-month highs Domestic stock markets swung between gains and losses on Monday, despite strength in Asian peers.
The Sensex jumped to 39,041.25 in early trade, marking a gain of 179.02 points, or 0.46 per cent, from the previous close.
The 50-scrip benchmark index NSE Nifty rose as much as 44.35 points to touch 11,710.30.
However, both the benchmark indexes reversed the gains in late morning deals.
Strength in PSU banking and media stocks supported the markets, however weakness in energy counters put pressure on the benchmark indexes in late morning deals.