The benchmark Sensex advanced over 500 points during the early trade on Monday after the worst week of trade since the 2008 financial crisis.
Nifty IT and metal indices gained over two per cent while banking and financial service indices were up over 1 per cent.
At 9.57 a.m.,the Sensex was up 502.16 points or 1.31 per cent. The Nifty gained 185.95 points or 1.66 per cent to trade at 11,387.70.
The global oil benchmark, Brent, jumped 3.5 per cent to $ 51.44 a barrel on Monday after it fell below the $50 a barrel mark last week.
Foreign Portfolio Investors sold Rs 1,428.74 crore worth of stock on Friday while its domestic counterparts bought Rs 7,621.16 crore worth of counters.
The benchmark Sensex had lost 1,448 points in a broad-based sell-off on Friday.
Meanwhile, China reported a fresh spike in coronavirus infections on Sunday and 2 deaths were reported in the US.
The virus has spread to more than 60 countries, prompting the World Health Organization to raise its risk assessment to its highest level.
Worldwide, nearly 3,000 people have been killed and more than 87,000 infected since the coronavirus outbreak in China.
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
After credit card data of at least 17,000 new ICICI Bank customers was exposed and reached "wrong users", the bank said on Thursday that it has blocked these cards and is issuing new ones to the customers.
NDA rule has shown superior numbers on GDP growth, inflation, unemployment compared to UPA
The NDA rule of the last 10 years has shown superior numbers on GDP growth, inflation, CAD (Current Account Deficits), unemployment and FDI ex of pandemic year compared to the UPA regime, broking firm Prabhudas Lilladher said.
RBI crackdown triggers crash in Kotak Bank shares
The RBI had, on Wednesday evening, barred Kotak Mahindra Bank, with immediate effect, from taking on new customers and issuing fresh credit cards.
Kotak Bank promoter donated electoral bonds worth Rs 60 cr, but RBI cracks down on lender to protect customers
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RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest economy.
Sensex gains more than 300 points
BSE Sensex gained more than 300 points on Monday as geopolitical tensions eased and crude oil prices declined.
Congress in Tripura blocks rail stations to protest police fired-killing of 5 farmers in MP
The firing on Tuesday came during raucous protests to demand better crop prices in the drought-ravaged region that saw one farmer suicide every five hours in the past two years.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.