Indian equity benchmarks started the Monday's trade in the red amid mixed global cues but soon rebounded to turn green.
The Bombay Stock Exchange Sensex was trading at 53026, higher by 48.77 points and the broader NSE Nifty 50 was at 15,872, up with 17.70 points.
Bank Nifty was down 0.15 per cent at 34,977. Broader markets followed benchmark indices with smallcap indices outperforming. India VIX was up 4 per cent.
ITC, Tata Steel, Titan, Reliance Industries, Infosys, Sun Pharma and NTPC were the top Sensex gainers.
While, Axis Bank was the top loser in the Sensex pack, down by 1 per cent followed by Maruti, SBI, HDFC and ICICI Bank were among other laggards.
As per provisional exchange data, the FIIs (Foreign Institutional Investors) were net sellers in the capital market as they offloaded shares worth rupees 163 crore on Friday.
In the global market, Asian equities were trading mixed, bourses in Shanghai, Seoul and Hong Kong were trading in losses, while Tokyo was trading in the green territory in mid-session deals.