Led by Reliance Industries and Tata Motors, stock market benchmark Sensex on Monday gained nearly 90 points on expectations of healthy second quarter earnings by India Inc, amid firm global cues.
Auto, metals and energy stocks contributed the most to the gains in the 30-share barometer of the Bombay Stock Exchange, ending the day at 20,339.89, up 89.63 points, or 0.44 per cent.
During the session, the sensitive index moved between a high of 20,461.27 and 20,250.26.
The National Stock Exchange's wide-based 50-share Nifty Index, too, finished the day higher by 0.53 per cent at 6,135.85.
"Market participants are waiting for numbers of September quarter and there are hopes for healthy figures. Until the results are out, stock specific action will be dominant in the market," Geojit BNP Paribas Research Head Alex Mathews said.
Market focus from this week will shift to second quarter earnings and over or under-deliverance by companies - as against the Street view - will decide their short-term stock price behaviour, Reliance Securities said in a note.
Energy giant Reliance Industries, which holds the maximum weight in the index, rose 1.97 per cent to end at Rs 1,068.9.
Auto stocks were in the speed lane, with Tata Motors zooming 4 per cent - the most in the BSE-30 pack. Hero Honda rose 2 per cent, Maruti 1.63 per cent and Mahindra & Mahindra 0.12 per cent.
"The outlook for the auto sector continues buoyant. Auto companies have seen a healthy 25 per cent volume growth in the past 15 months. The demand outlook for the industry is sound, although the higher base implies the growth rate now will be lower," brokerage Anand Rathi Financial said in a note.
Besides, frontline metal stocks were also shining on Dalal Street. Sterlite climbed 3.13 per cent, Tata Steel 2 per cent, Jindal Steel 0.54 per cent and Hindalco 0.26 per cent.
Other major gainers of the day included Anil Ambani Group firms - RCom and R-Infra. Both the scips rose 2 per cent, each.
Cipla rose 0.59 per cent, ICICI Bank 0.34 per cent and State Bank of India 0.4 per cent.
Except technology, IT and FMCG, all the sectoral indices on the BSE ended with gains. In the Sensex pack, 18 stocks rose while rest 12 scrips ended in the red.
However, profit-booking in Bharti Airtel, HUL, HDFC Bank and Infosys shaved-off some gains.