Indian Stock markets were trading positive at 2 pm IST with BSE Sensex higher by 200 points, backed by Capital Goods, Metals, PSU and Banking Stocks. NSE Nifty was up by 70 points at 2785. Among major gainers were Real Estate majors DLF and Unitech. Tata Steel gained further ground. The stock was trading 7.4% higher at 196.

Among losers were BPCL (down by 4.1%), HCL Tech (down by 1.35%) and M&M (down by 1.2%). Technology stocks were trading marginally lower. Satyam Computers and Infosys Technologies were marginally lower.

Indian ADRs ended positive on Monday. Tata Communications, Sterlite, Wipro, HDFC Bank and MTNL were among major gainers.

US Stock markets ended positive on Friday. Asian markets opened strong on Monday and later gained further ground. Nikkei 225 was up by 66 points, Straits Times up by 89, Taiwan Index up by 54 points while Shanghai Composite was trading lower.