Benchmark indices opened the day higher in trade, led by gains across Asia, except the Shanghai Composite, which dropped in trade.
A rebound in oil prices also helped pushed markets across the globe higher. All eyes are now on the European Central bank meeting today, which should decide on further stimulus measures.
Bajaj Auto was trading higher after the company announced an interim dividend. Among the early Nifty losers in trade were Ambuja Cement, Gail, TCS and Wipro.
Stocks from the Nifty that gained ground were Adani Ports, Gail and Cairn India. Hero Motor Corp was higher after the board announced an interim dividend.
Banking stocks were having a quiet session in trade with ICICI Bank and State Bank among the early gainers. Kotak Mahindra Bank was trading higher after the RBI allowed foreign investors to buy additional stake in the company.
Meanwhile, markets across Asia were trading with gains led by the Shanghai Composite and the and the Hong Kong's Hang Sang.