Mumbai: Benchmark equity indices Sensex and Nifty opened higher on Monday, driven by gains in blue-chip bank stocks and a fall in crude oil prices.
Buying interest in heavyweight banking shares led the early rally. Lower crude oil prices also supported sentiment, easing pressure on inflation and the fiscal deficit.
Fresh foreign fund inflows into domestic equities added to the optimistic mood in the market.
Analysts said the combination of strong financials, softer oil, and continued FII buying helped lift investor confidence at the open.
Market participants will now watch global cues and quarterly earnings for further direction.
