Equity benchmark indices Sensex and Nifty recovered sharply on Monday after five days of steep decline due to value buying at lower levels and a rally in global markets.
Moreover, the frenetic buying of top stocks ITC, HDFC Bank and Reliance Industries also helped in the market recovery.
The 30-share BSE benchmark Sensex rose 498.58 points or 0.64 per cent to settle at 78,540.17. During the day it rose 876.53 points or 1.12 percent to 78,918.12.
The NSE Nifty rose 165.95 points or 0.70 percent to 23,753.45.
Among the 30 blue chip stocks, ITC, Tech Mahindra, HDFC Bank, Reliance Industries, IndusInd Bank, Titan, State Bank of India and ICICI Bank were the biggest gainers.
New entrant Zomato, Maruti, Nestle, HCL Tech, Bajaj Finserv and Tata Motors were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong remained in positive territory, while Shanghai ended lower.
European markets traded mostly lower. Wall Street ended higher on Friday.
In the last five sessions last week, the benchmark BSE gained 4,091.53 points or 4.98 per cent, and the Nifty fell 1,180.8 points or 4.76 per cent.
Foreign institutional investors (FIIs) offloaded shares worth ₹3,597.82 crore on Friday, according to stock market data.
The global oil benchmark for Brent crude rose 0.44 percent to USD 73.26 per barrel.
The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to settle at 78,041.59 on Friday. The Nifty gained 364.20 points or 1.52 percent to 23,587.50.
