Among stocks, Vedanta gained by 1.9 per cent at Rs 143.50 per share while Tata Steel moved up by 1.7 per cent, and JSW Steel by 1.3 per cent.

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.

Born out of the rich racing heritage of TVS Racing, the motorcycle is an extension to the company's ethos of ensuring higher levels of customer experience with greener technology.

Tata Motors lost by 3.6 per cent while HCL Technologies slipped by over 1 per cent. Tech Mahindra and Coal India were also in the red.

But investors kept their bets low while awaiting second quarter (July to September) corporate earnings which will start pouring in later this week.

Among stocks, the prominent losers were IndusInd Bank, Coal India, Tata Steel, HCL Technologies, Tata Consultancy Services, Grasim, Cipla and Dr Reddy's.

In Japan, the Nikkei 225 slipped by 0.41 per cent as shares of index heavyweight and conglomerate Softbank Group plunged more than 2.5 per cent. Hang Seng index traded largely flat with the Shanghai composite shedding 0.18 per cent.

Metal stocks like Tata Steel, Vedanta and Hindalco too suffered losses of over 2 per cent each. The other prominent losers were ONGC, GAIL, Nestle Indian and Bharti Infratel.

Among stocks, index heavyweight Reliance Industries gained by 2.7 per cent at Rs 1,272.60 per share. IT majors Infosys, Tata Consultancy Services and Tech Mahindra gained between 1.6 and 1.9 per cent each.

At the National Stock Exchange, all sectoral indices except for IT were in the positive zone. Nifty metal gained by 1.8 per cent, auto by 1.7 per cent and PSU bank by 1.2 per cent.