MSCI's broadest index of Asia Pacific shares outside Japan was up by 0.3 per cent while Japan's Nikkei stock index rose by 1.19 per cent. Shares in China rose by 0.5 per cent while stocks in Hong Kong climbed by 0.42 per cent in early trading.
Among stocks, index heavyweight Reliance Industries gained by 2.34 per cent at Rs 1,417.90 per share while Hero MotoCorp was up by 2.4 per cent at Rs 2,435 per share. Bharti Infratel, Hindalco, UltraTech Cement and HDFC Bank too edged higher by over 2 per cent each.
Equity benchmark indices ended lower on Friday ahead of the Union Budget even as the Economic Survey estimated that India's GDP will grow at 6 to 6.5 per cent in the financial year beginning April 1.
The BSE S&P Sensex closed 634 points or 1.55 per cent higher at 41,451 while the Nifty 50 moved up by 188 points at 12,214.
Among stocks, Mahindra & Mahindra rose by 1.2 per cent to Rs 536.75 per share while Power Grid Corporation moved up by 1.1 per cent and ITC by 1 per cent. Kotak Mahindra Bank, HDFC Bank and IndusInd Bank were up by 1 per cent, 0.8 per cent and 0.7 per cent respectively.
SBI Cards & Payments Services Limited made an application to list Commercial Paper at BSE for an Issue Size of Rs. 400 crore. Post process, the effective date of listing for the same at BSE is December 13, 2019.
Japan's Nikkei moved up by 0.36 per cent, Hong Kong's Hang Seng index by 1.06 per cent and South Korea's Kospi by 0.9 per cent.
The other prominent gainers were IT majors Infosys and Wipro, Grasim, Larsen & Toubro and Vedanta. However, those which lost marginally were Tata Motors, Cipla, Coal India, Eicher Motors and IndusInd Bank.
At 10:15 am, the BSE S&P Sensex was up by 152 points at 39,402 while the Nifty 50 edged higher by 36 points to 11,663. Sectoral indices at the National Stock Exchange were mixed with Nifty auto up by 2.8 per cent and metal by 2.3 per cent. Nifty financial service, FMCG and media were in the red.
The BSE S&P Sensex was up by 192 points at 39,250 while the Nifty 50 edged higher by 44 points to 11,628. All sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 1.37 per cent.
