India's benchmark stock indices snapped two sessions of losses to end higher on Monday, as metals and information technology sectors led the advance.
The S&P BSE Sensex closed 267 points up, or 0.41%, at 65,216.09, while the NSE Nifty 50 ended 83 points, or 0.43%, higher at 19,393.60.
However, shares of Reliance Industries Ltd. were the top drag on both the indices after the listing of Jio Financial Services Ltd. RIL's listed companies erased as much as Rs 36,480.61 crore in market capitalisation. The shares of RIL's fintech arm plunged to a 5% lower circuit after listing on bourses.
European stocks rebounded from a one-month low as higher energy prices buoyed oil producers. Natural gas prices soared, while bonds were broadly weaker. The trading session in Europe was relatively subdued, with volume on the Stoxx 600 index about a third lower than usual.
U.S. futures contracts rose, signaling a bounce for the underlying gauges from their worst week since early August.
Shares in mainland China fell 1.44% and the Hang Seng index dropped 1.82%. Gauges in Japan and South Korea gained, whereas Australian shares declined.
Infosys Ltd., ITC Ltd., Bajaj Finance Ltd., Bharti Airtel Ltd. and Tata Consultancy Services Ltd. were positively adding to the changes in the Nifty.
RIL, HDFC Bank Ltd., Mahindra and Mahindra Ltd., State Bank of India and Britannia Industries Ltd. were negatively contributing to the change.
The broader market indices outperformed larger peers. The S&P BSE Midcap was up 0.87%, while the S&P BSE Smallcap was 0.72% higher.
All the 19 sectors compiled by BSE Ltd. advanced. The S&P BSE Utilities and the S&P BSE Power gained the most.
The market breadth was skewed in the favour of buyers. About 2,089 stocks rose, 1,640 declined and 178 remained unchanged on the BSE.
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