Closing Bell: Sensex gains 113 points to close at 36,582, Nifty above 10,900

After early losses on Monday, the BSE benchmark Sensex ended over 113 points higher at 36,582.74, extending the gains to a third session in a row. Similarly, the broader NSE Nifty bounced from the day's low to settle at 10,912.25, up 18.60 points from the previous close. The recovery in the domestic stock markets was followed by gains in Reliance Industries Ltd and heavy buying by foreign investors ahead of the RBI's monetary policy review.

Among the Sensex pack, Reliance Industries (RIL) was the biggest gainer, rallying 3.52 per cent to Rs 1,291.15. The scrip contributed 139.52 points to the bourse's gain. Other gainers include ONGC, Bajaj Auto, Kotak Bank, TCS, Tata Steel, Axis Bank, Maruti, HDFC and HUL, surging up to 3.03 per cent.

While Power Grid, Yes Bank, NTPC, Sun Pharma, M&M, ITC, L&T and Bajaj Finance were the top losers, falling up to 3.13 per cent. Despite caution ahead of the Reserve Bank of India's monetary policy review, scheduled to begin Tuesday, heavy buying in RIL lifted benchmark indices, traders said.

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Weak cues from other global indices also capped the gains on domestic bourses, they added. Broader indices, however, ended in the red, with the BSE Midcap and Small cap falling up to 1.17 per cent.

The rupee, meanwhile, was trading 43 paise lower at 71.68 against the US dollar. Brent crude futures rose 1.23 per cent to USD 63.52 per barrel.

On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 1,315.89 crore Friday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 5.07 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.21 per cent, Japan's Nikkei was up 0.46 per cent and Shanghai Composite Index jumped 1.30 per cent; while Korea's Kospi slipped 0.06 per cent. In the eurozone, Frankfurt's DAX was up down 0.03 per cent, while Paris CAC 40 fell 0.24 per cent in late morning deals. While, London's FTSE surged 0.22 per cent.

(With inputs from agencies)