State Bank of India (up 2 percent ), HDFC Bank, UltraTech Cement, and Tata Steel (up 1 percent ) were the top gainers from the Sensex bundle. On the flip side, technology stocks were trading using marginal cuts because of a more powerful Rupee.
The national equity market monitored its Asian peers and cracked in early trade on Monday as raising tensions between Iran and the USA retained traders on edge.
Meanwhile, oil prices taken more than two percent higher on Monday, with Brent climbing over $70 a barrel, even following Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.
All of the Nifty sectoral indices except Nifty IT indicator were trading in green. Nifty PSU Bank index gained the maximum 2.3 percent, while nearly all other indices were up more than 1 percent each.
From the wider market, the S&P BSE MidCap index taken up 200 points, or 1.36 percent, as well as also the S&P BSE SmallCap index gained 180 points, or 1.32 percent commission.