Extending gains to the fourth session, the Indian market opened marginally higher amid improved global sentiment on Monday. Benchmarks opened higher by nearly 0.4 % each ahead of the release of auto sales numbers.
The Broader Nifty 50 opened above 17,200, while the 30-share Sensex started above 57, 800. The barometer indices opened at 17,243.20 and 57,823.10 respectively on Monday.
In the broader market, Nifty Midcap and Smallcap gained more than half per cent each.
Among sectoral indices, Nifty IT, Realty and Consumer Durables witnessed some profit booking, while all other indices traded higher in early trade on Monday. Auto, metal were top performing indices in the opening trade.
Earlier, SGX Nifty, which indicates opening trends of the Indian market, was seen trading marginally higher by 20 points on the Singaporean exchange in early trade on Monday.
Meanwhile, Japanese Nikkei 225 gained 0.4%, Hang Seng Index at the Hong Kong exchange dropped 0.9% and Shanghai Composite was trading lower by 0.3% on Monday morning.
In the US, the Dow Jones jumped 315 points to close near the day’s high on Friday, while the Nasdaq gained 1.9% in the weekend closing.