The Sensex and Nifty gained around 0.8 percent, after notching five consecutive daily gains last week.
Domestic shares also track a global rally after the eurozone finance ministers agreed on an aid package for Spanish banks.
ICICI bank rises 2 percent, while HDFC Bank advances 1 percent. Reuters
The advance is being led by gains in banking stocks on continued rate cut expectations, and after the central bank announced on Friday a surprise open market operation of Rs 120 billion.
ICICI bank rose 2 percent, while HDFC Bank advances 1 percent on BSE.
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