Key benchmark indices trading higher with positive bias in early morning trade. The BSE Sensex trading at 29737 up 114.97 points (0.25%) and NSE Nifty at 9196.65 up 22.90points(0.25%). Overseas, Asian shares were mostly higher. US stocks closed lower on Friday, 31 March 2017.
Tata Motors, Mahindra & Mahindra, Hero Motocorp, SBI, Ambuja Cements, ACC and UltraTech Cement were other early gainers while Bharti Airtel was biggest loser, down more than 2 percent.
Among economic data, the output of eight core industries comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP) rose at moderated pace of 1% in February 2017, compared with 3.4% growth recorded in January 2017.
The USDINR open slightly higher 64.80 on Monday against 64.85 on Friday.