Equity benchmark indices opened higher on Monday tracking positive global cues.
At 10:15 am, the BSE S & P Sensex was up 284 points at 39,899 while the Nifty 50 gained 91 points to 11,962. All sectoral indices at the National Stock Exchange were in the green during morning hours.
Among stocks, home finance lender DHFL jumped over 5 per cent after the company paid investors and depositors part of repayments due after missing the deadline last week.
But shares of J & K Bank slumped over 13 per cent after the Jammu and Kashmir government removed Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
Shares of Reliance Power traded 12 per cent after the company reported a net loss of Rs 3,559 crore in the fourth quarter of FY19 compared to a profit after tax of Rs 189 crore in Q4 FY18.
Tokyo's Nikkei gained 1.1 per cent while shares in Hong Kong and Indonesia showed handsome gains.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)