Benchmark indices opened the day higher, even as Asian markets were mixed, as the US Presidential debate continued.
The Sensex was trading with gains of 29 points, while the Nifty was up 100 points in trade.
Leading the gainers on the exchange were stocks from the banking sector including the likes of IndusInd Bank and State Bank. Other notable gainers in trade were Tata Motors equity and the DVR shares. Both these have been on a tear, following good monthly numbers being reported by Tata Motors.
Shares in IT stocks, which have been badly hammered were trading flat, after having witnessed sharp falls in the previous sessions. There were reports that some IT companies may report their worst quarterly performance in a decade.
Gitanjali Gems, which surged as much as 14 per cent on Friday, continued to rally and the stock was up another 10 per cent in trade. Several other small and midcap stocks have surged in the last few trading sessions, as the interest now shifts to small and mid cap stocks.
Meanwhile, the rupee was trading steady at 66.57 too the US dollar.