Investor concerns eased after bond yields increased and the US Department of Labor reported stronger-than-expected jobs data for February.
The BSE gauge Sensex gained over 270 points and the NSE Nifty regained the key 15,000-level in early trade on Monday, leading to a strong recovery in global stocks.
The 30-share Sensex was trading at 50,679.19, showing a gain of 273.87 points or 0.54%.
Similarly, the Nifty rose 76.95 points or 0.52% to close at 15,015.05.
On the SENSEX chart, ONGC, NTPC, Axis Bank, M&M, HDFC Bank and SBI were the leading gainers – climbing up to 4.3%.
Sensex shares traded in 21 Hare.
In other Asian markets, equities staged a strong recovery after halting panic sales for one-two sessions as investors cheered the US Senate to pass a $ 1.9 trillion stimulus bill for the COVID-19 relief package.
Investor concerns also eased after bond yields increased and the US Department of Labor reported stronger-than-expected jobs data for February.
Meanwhile, global crude oil benchmark Brent Futures rose 1.49% to $ 70.73 a barrel.
The Sensex had lost 440.76 points or 0.87% on Friday, and the Nifty had lost 142.65 points or 0.95%.
However, on a weekly basis, the Sensex gained 1,305.33 points or 2.65% and the Nifty gained 408.95 points or 2.81%.
According to exchange data, foreign investors on Friday offloaded equity of ₹ 2,014.16 crore in the Indian capital market on a net basis.