Indian equities bounced back on Monday snapping earlier losses. At 9.31 a.m, the Sensex was trading up 178.65 points or 0.58% at 31,235.05 with 23 components gaining. Meanwhile, the Nifty was trading higher by 39.10 points or 0.41% at 9,627.15 with 38 components gaining.

Major gainers in the 30-share index were Adani Ports and Special Economic Zone (2.50%), Bajaj Auto (2.46%), Reliance Industries (1.82%), Tata Steel (1.68%), Larsen & Toubro (1.14%), and Tata Consultancy Services (1.11%).

On the other hand, Dr Reddy'S Laboratories (0.78%), Cipla (0.64%), Infosys (0.53%), Asian Paints (0.45%), Coal India (0.39%), and Tata Motors (0.33%) were the biggest losers in the Sensex.

Market breadth was positive with 995 advances against 414 declines.

Dredging Corporation Of India topped the value chart on the BSE with a turnover of Rs. 106.26 million. It was followed by Indiabulls Real Estate (Rs. 98.10 million), Reliance Industries (Rs. 77.64 million) and Wockhardt (Rs. 73.60 million).

The volume chart was led by Shilpi Cable Technologies with trades of over 2.36 million shares. It was followed by Jyoti Structures (1.28 million), Swasti Vinayaka Art and Heritage Corporation (0.79 million) and Jaiprakash Associates (0.56 million).