Optimistic buying by participants ahead of industrial production and inflation numbers to be released later this week too supported the rally.
Benchmark BSE Sensex advanced by 195 points in early session on Monday on continuous buying by domestic institutional investors amid strong global leads.
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At least eight people died and three others sustained severe injuries when a portion of the roof of a four-decade old building belonging to Tamil Nadu State Transport Corporation (TNSTC) collapsed at Porayar in Nagapattinam district in the early hours of Friday.
Police said the deceased and injured were bus drivers and conductors who were taking rest in the building after duty. The roof collapse happened around 3.30am.