The 30-share index rose by 301.61 points, or 1.48 percent, to 20,701.03 points with all sectoral indices, led by banks and realty, gaining up to 2.60 percent. The index had gained 205.02 points on Thursday. The stock market remained closed on Friday on account of "Muharram".

The National Stock Exchange Nifty moved up by 83.70 points, or 1.38 percent, to 6,139.85. Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses, as US markets surged to new record highs on Friday after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money, mainly buoyed the trading sentiment.

Among other Asian markets, Hong Kong's Hang Seng rose by 1.59 percent, while Japan's Nikkei was up by 0.58 percent in morning trade on Monday. The US Dow Jones Industrial Average gained 0.54 percent to close at fresh record high on Friday.

(Agencies)

Latest News  from Business News Desk