At 10:15 am, the BSE S&P Sensex was up by 186 points at 40,351 while the Nifty 50 edged higher by 62 points to 11,953. All sectoral indices at the National Stock Exchange were in the green except for Nifty media which slipped by 1.2 per cent.
Auto stocks like Mahindra & Mahindra, Tata Motors and Hero MotoCorp suffered losses ranging between 1 and 1.6 per cent.
Meanwhile, Asian shares surged ahead as corporate earnings and a ceasefire in northern Syria helped prop up the sentiment. But the backdrop of trade and Brexit uncertainties continued to linger.
The MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.5 per cent following on from gains on Wall Street while Japan's Nikkei stock index gained by 0.9 per cent. Hong Kong's Hang Seng moved up by 2.2 per cent and South Korea's Kospi by 1 per cent.
New Delhi: Heavy buying by foreign institutional investors (FIIs) and domestic traders pushed up equity benchmark indices further on Monday...
At 11:20 am, Sensex was up 1231.23 points to 37,324.70, while the National Stock Exchange (NSE) Nifty index was trading at 260.70 points higher at 10,965.50.
Meanwhile, Asian share prices inched higher on Friday as economic stimulus around the world eased fears over slowing growth. MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.15 per cent while Japan's Nikkei rose by 0.46 per cent.
Tata Steel and JSW Steel were down by 2.4 per cent and 2.2 per cent respectively. Zee Entertainment, Tech Mahindra and HCL Technologies also lost between 1.7 per cent and 2.8 per cent each.
Among stocks, Indiabulls Housing Finance dropped by 4.2 per cent to Rs 437.80 per share. Private lenders Yes Bank and ICICI Bank also slipped by 2.8 per cent and 0.9 per cent respectively. The other prominent losers were HDFC, Britannia, Grasim, Hero MotoCorp and Bharti Infratel.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent higher. Japan's benchmark Nikkei added 0.3 per cent while Shanghai Composite Hong Kong's Hang Seng gained 0.5 per cent each.