The BSE Sensex rose 113 points, or 0.33 per cent, to close at 34,305 with 20 stocks advancing while 11 declining.
Mumbai: Benchmark indices traded nearly unchanged on Monday morning after recovering from a steep decline at open, tracking mixed Asian equity markets as investors assessed that the likelihood the fallout of an American-led strike on Syria could be contained.
Auto major Tata Motors share price declined over 5% today in the wake of reports that the company owned car-maker in UK, Jaguar Land Rover may cut almost 1,000 jobs.
Shares of one of India's biggest software firms, Infosys fell 3.86% to Rs 1,123.90 on less-than-expected FY19 revenue guidance. It was top loser on Sensex and Nifty. The tech major's revenues grew by 7.2 per cent in dollar terms, while 5.8 per cent in constant currency terms, with operating margins coming in at 24.3 per cent. Cement stocks such as ACC and Ambuja Cements also incurred smart gains.
The key Indian equity markets traded marginally lower on Monday afternoon weighed on by heightened geo-political tensions in the Middle East, along with broadly negative cues from the Asian markets.
Rising for the 8th straight session the Sensex zoomed over 100 points at while the Nifty reclaimed 10,500 level on Monday as the wholesale price-indexed (WPI) inflation softened in March.
Housing Development Finance Corp Ltd and HDFC Bank Ltd were the top contributors to the indexes with gains of 1.6 percent and 0.9 percent respectively.
Meanwhile, on a net basis, foreign institutional investors (FIIs) sold shares worth Rs 399.59 crore on Friday, provisional data showed.
The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade. Both these indices outperformed the Sensex.