The Sensex rose roughly 311 points in early trade on Monday, despite mixed Asian market trends. The 30-share BSE Sensex rose 310.91 points to 54,637.30. The NSE Nifty rose 83.35 points to 16,349.50.

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Maruti, M&M, Asian Paints, Titan, and Kotak Mahindra Bank were among the top Sensex gainers. Tata Steel, ITC, Power Grid, and Reliance Industries, on the other hand, were among the laggards.

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Meanwhile, Asian markets in Hong Kong, Shanghai, and Tokyo were mixed. On Friday, stock markets in the United States concluded on a mixed note.

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“US stocks closed mixed on Friday. Asian stocks traded mixed on Monday as investors assess the impact of China’s Covid policies on growth…,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

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On Friday, the BSE Sensex rose 1,534.16 points, or 2.91%, to close at 54,326.39. The NSE Nifty rose 456.75 points, or 2.89%, to 16,266.15.

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Foreign institutional investors (FIIs) sold shares worth a net Rs 1,265.41 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,148.95 crore in the Indian equity market on May 20, as per provisional data available on the NSE.

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Brent crude, the international oil standard, rose 0.60% to USD 113.20 per barrel. The rupee rose 4 paise to 77.66 against the US dollar in early trade on Monday, buoyed by a strong trend in domestic markets and a weak US currency overseas.