Similarly, Nifty traded at 17,962 points, up 0.84 per cent from its previous close of 17,812 points. It opened at 17,913 points.

Among the stocks, Maruti Suzuki India, UPL, Hero Motocorp, ITC, and Infosys were some of the top gainers during the early trade, NSE data showed.

On the other hand, Wipro, Asian Paints, Shree Cement, Divi's Labs, Nestle India were some of the top losers.

"The Q3 results starting this week from the IT majors and HDFC Bank are likely to set the trend for the crucial IT and banking segments," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.