The stock market gained strength after early consolidation. The 30-shares BSE Sensex gained 136.16 points at 28372.55 and the 50-shares NSE Nifty rose 41.35 points to 8605.95.
The BSE Midcap outperformed benchmarks, up 0.7 percent. More than two shares advanced for every share declining on the Bombay Stock Exchange.
The Indian rupee has opened marginally higher at 63.75 per dollar against Friday's close of 63.81.
Banking & financials and technology stocks led the market higher. HDFC, TCS, Infosys, ICICI Bank, HDFC Bank, SBI, Axis Bank and Dr Reddy's Labs rose 0.5-1.5 percent.
Stock Market Tips Today
Buy NMDC with a stop loss at Rs 102 and target of Rs 106.50
Sell Petronet LNG with a stop loss at Rs 189 and target of Rs 182
MCX Commodity Trading Tips
Sell MCX Crude oil at 2855-65, Target 2770-50, SL 2910
Sell MCX Copper @ August at 323, Target 327, SL 335