The 30-share Sensex, which lost nearly 87 points on Friday, bounced by 246.89 points to 19,971.44 in the first five minutes of trade.

The wide-based National Stock Exchange index, Nifty, also rose by 74.95 to 5,981.80 points as most of the heavy-weights like Reliance Industries, ACC and Infosys Technology recorded handsome gains.

The trading sentiment turned bullish on reports of a firm trend in the global markets.

The Hong Kong stock exchange opened slightly higher on Monday in the wake of Wall Street's gains on Friday. - Source: DDNEWS

Report from Marketwatch says that "Asian markets were volatile Monday, with Japanese and South Korean indexes retreating from the day's highs on persistent worries over the health of the U.S. economy and its impact on exports, while Hong Kong stocks declined on worries related to fund inflows from mainland China."