Indian equity benchmarks opened higher on Monday, driven by a combination of easing crude oil prices and robust performance from major private lenders.
The Sensex and Nifty 50 both started the session in positive territory, reflecting improved market sentiment as investors digested fresh corporate data alongside softer energy costs.
HDFC Bank and Axis Bank led the advance after releasing business updates for the June quarter that exceeded market expectations.
The strength in these financial heavyweights provided a solid foundation for the broader rally, with investors rewarding the lenders for their resilient growth trajectory.
The positive momentum in the banking sector helped offset weakness in other parts of the market, including technology and consumer finance names.
The pullback in crude oil prices further supported the risk-on mood.