HDFC Bank gained more than 1 percent on top of 2 percent rally in previous trading session due to stable earnings in Q4.
Reliance Industries also gained over a percent ahead of earnings due later today. Outlook on Reliance Jio will be closely watched.
Equity benchmarks opened the week moderately higher on Monday as the Nifty is inching towards 9150 level, backed by HDFC Bank, Reliance Industries and L&T.
The 30-share BSE Sensex was up 48.41 points at 29,413.71 and the 50-share NSE Nifty gained 18.25 points at 9,137.65. About 872 shares advanced against 283 declining shares on the BSE.
The Indian rupee opened marginally higher at 64.55 per dollar today against Friday's closing value of 64.61.
Asian markets were mixed following the widely-expected results of the first round of presidential elections in France, with Emmanuel Macron and Marine Le Pen headed for a run-off on May 7.