Following the rally from the previous week, the domestic market started the new week on a positive note, helped by increases in stocks of automobile, financial, and oil & gas companies.

At 10:50 am, the benchmark Indian equity indices #NIFTY50 and #SENSEX both increased by 0.72 percent and 0.67 percent, respectively. The RBI's impending crucial rate announcement caught the attention of investors on Dalal Street.

Broader market indices outpaced the flagship indices at the time of writing, with Nifty Midcap 100 rising 1.07 percent and Nifty Smallcap 100 rising 1.15 percent.

All sectoral indices listed under the Nifty pack, except Nifty Pharma and Nifty Realty, traded in green, led by #NIFTYAUTO, zooming 3.01% as auto manufacturers began reporting their monthly sales numbers.

On the Nifty50 index, auto giants #MnM and #TATAMOTORS were the top gainers, jumping up to 6.7% and 5.5% respectively.