The wider Nifty50 of the National Stock Exchange held the 10,500-mark and provisionally closed (at 3.30 p.m.) higher by 84.80 points or 0.81 per cent at 10,539.75 points.
Vinod Nair, Head of Research, Geojit Financial Services, said: "On Monday, market reversed from previous day's losses owing to positive global cues and expectation of marginal decline in January CPI (Consumer Price inflation) inflation today".
The 30-share Sensex recovered by 260.12 points, or 0.76%, to 34,265.88 in opening trade.
The Indian equity markets will remain closed on Tuesday (February 13) for Mahashivratri.
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SBI which reported its Q3 earnings on Friday was the top Sensex loser. The lender, in contrast, reported net profit of Rs 2,610 crore for the October-December quarter of the last fiscal, 2016-17.
Gains in all sectors helped the pan-European STOXX 600 index rise 1.2 percent by 0812 GMT, after ending at its lowest level since August on Friday.
In the S&P BSE 500 index Bajaj Electricals, HEG, Rain Industries, Fortis Healthcare, Jet Airways, 8K Miles, Shankara Building Products, SAIL, Polaris Consulting rose 10-20 percent in the week gone by.
The BSE market breadth was bullish as 1,028 stocks advanced as against 224 declines. The UK's FTSE and Germany's DAX also rose more than 1 percent.
It finally settled 294.71 points, or 0.87 per cent, higher at 34,300.47. It traded at 64.28 to a dollar at 11.20 am, against Friday's close of 64.40.