"Anticipation of US President Trump recovering from COVID and of Democrats and Republicans reaching a consensus on a fiscal stimulus package seems to be buoying risk sentiment," said Abhishek Goenka, Founder and CEO, IFA Global.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent down at 93.39.
On the domestic equity market front, the BSE benchmark Sensex was trading 358.66 points higher at 39,332.36, and the broader NSE Nifty rose 97.30 points to 11,600.65.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 236.71 crore on Monday, according to exchange data.
Brent crude futures, the global oil benchmark, rose 0.65 per cent to USD 41.56 per barrel.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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