Indian equity benchmarks were trading in the positive territory during the afternoon session on Monday on increased buying by funds and retail investors amid firm cues from fellow Asian peers.
At 1:02 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,186.15, up by 108.97 points or 0.39 per cent while the NSE Nifty was at 8724.35, up by 31.3 points or 0.36 per cent.
Buying momentum was witnessed mainly in the public sector undertaking and banking sector stocks.
Meanwhile, volatility remain high at the domestic bourses as traders roll over their positions ahead of October Futures & Options (F&O) expiry on Thursday.
Also, traders keenly eyed the September quarter earnings of Adani Power, Axis Bank, Idea Cellular, Reliance Capital, Asian Paints, Bharti Airtel, Dr Reddy’s, HDFC Bank, HDFC, Hero MotoCorp, HUL, ITC, IOC, Maruti Suzuki India and ONGC which will be unveiled this week.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 285.50,+2.81%), Adani Ports & Special Economic Zone Ltd. (Rs. 292.65,+2.41%), State Bank of India (Rs. 264.05,+2.19%), Lupin Ltd. (Rs. 1527.05,+1.88%), Tata Motors Ltd. (Rs. 554.30,+1.79%), among others.
Major show spoilers were Wipro Ltd. (Rs. 482.50,-3.35%), Asian Paints Ltd. (Rs. 1135.00,-1.60%), Bharti Airtel Ltd. (Rs. 306.00,-1.10%), Axis Bank Ltd. (Rs. 521.90,-0.89%), Infosys Ltd. (Rs. 1031.05,-0.68%), among others.
The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2936 shares traded, 1724 advanced while 966 shares declined and 246 remained unchanged.
On the global front, most of the Asian markets ended in the green.