The benchmark BSE Sensex rose over 225 points in early trade after Infosys posted 9.75% growth in its second quarter earnings amid a firming trend at other Asian markets.
Besides, optimistic buying by participants ahead of key macroeconomic data IIP and inflation, to be released later in the day, also influenced sentiment, brokers said.
The 30-share index rose by 225.53 points or 0.83% to 27,305.04, with stocks of metal, IT, teck, FMCG, pharma and auto sectors leading the rise.
The gauge had gained 233.70 points in Friday’s session. Similarly, the National Stock Exchange index Nifty edged higher by 54.80 points, or 0.66%, to 8,244.50.
Shares of Infosys rallied by 4.37% to Rs 1,219 in opening trade after company posted 9.75% rise in its second quarter net profit to Rs 3,398 crore.
Among other Asian markets, Hong Kong’s Hang Seng gained 1.29 per cent, while Shanghai Compositie index rose 3.43% in early trade today.
Financial markets in Japan are closed today for a national holiday.
The US Dow Jones Industrial Average ended 0.20 per cent higher in Friday’s trade.