Billionaire Mukesh Ambani's Reliance Industries on Sunday announced two back-to-back acquisitions.
Overseas, Asian stocks traded mostly higher on Monday as stocks in Hong Kong led gains regionally.
WPI rate in India edged up to 11.39% in August of 2021, from 11.16% in the previous month.
The domestic stock market ended with strong gains on Friday after RBI's Monetary Policy Committee decided to maintain its status on interest rates.
While the 17,600 acted as strong support for the Nifty on the higher side 17,900-17,950 continued to act as a sturdy wall.
It is a good time for homebuyers who can avail of low home loan rates, along with steady prices.
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
The Reserve Bank of India's (RBI) monetary policy committee (MPC) will announce its interest rate decision today.
Among stocks, IT major TCS will announce its Q2 results today, 8 October 2021. Infosys will announce Q2 results on 13 October 2021.
Nilesh Jain of Centrum Broking is positive on Sun Pharma with a target price of Rs 854.