Benchmark indices opened in the green, tracking positive global cues, with the Street seeing a quarter percent uptick.
The 30-share Sensex was up 79.41 points at 29938.21, while the Nifty was up 25.65 points at 9310.95. The market breadth was healthy as 733 shares advanced against a decline of 255 shares, while 40 shares were unchanged.
ICICI Bank, Asian Paints and cement stocks Ambuja Cements and ACC gained the most on both indices, while HDFC and Wipro lost the most.
Ambuja Cements and ACC gained between 5 and 7.5 percent on the back of merger talks between the companies, while Eicher Motors gained over 2.5 percent post its Q4 results. Avenue Supermarts, the operator of D-Mart, witnessed some profit-taking.
The Indian rupee gained in the early trade on Monday. It has opened higher by 10 paise at 64.27 per dollar versus Friday's close 64.37.
Pramit Brahmbhatt of Veracity said, "Consolidation near 64.20/USD, resulted into positive divergence on daily chart for USD. A technical pull-back may get extended till 64.50."
"Bias would remain positive for USD and USD-INR pair will trade in a range of 64.20 to 64.50," he added.
Meanwhile, Asian shares traded mostly higher on Monday following the landslide victory of Emmanuel Macron in the French polls on Sunday, with the Nikkei share average hitting its highest level since December 2015.
Macron defeated far-right candidate Marine Le Pen in the French presidential election, with the French interior ministry stating that the former had secured 65.1 percent of the vote. Macron, who is 39 years old, will become France's youngest president.
Market reaction was muted following the results of the French presidential vote, said National Australia Bank Head of FX Strategy Ray Attrill in a Monday morning note, although the euro/dollar bounced significantly.
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