Movement of foreign funds, rupee and oil would continue to play their part in market trend, the analysts added
Data for the services sector is due on Tuesday which would also influence trading sentiment this week
On a weekly basis, the 30-share index Sensex rose 0.53 per cent while Nifty gained 0.66 per cent.
The shares of Adani Ports, Adani Power, Jindal Stainless, Reliance Capital, and Suzlon saw heavy selling
Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows.
Sensex returns are now in negative territory on a year-to-date basis
In the past six trading days, the Nifty Realty index has slipped 13 per cent to its 52-week low of 232 levels
The Sensex provisionally closed at 17,734 up 288 points or 1.7%, while the Nifty ended at 5,379 up 98 points or 1.9%.
Chief executive officer Sundeep Sikka has been buying shares of Reliance Nippon Life Asset Management (RNAM) from the open market amid weakness in the asset manager's stock price
The rupee has lost quite a bit of ground since pre-Budget, against three major hard currencies (yen, dollar, and euro)
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
From the 30-share index, 24 stocks ended with gains led by SBI, Tata Steel, ONGC and ICICI Bank