India shares advanced on Monday following gains in Asian equities as upbeat earnings from U.S. hi-tech giants boosted risk appetite.
Stocks in Asia climbed as investors continued to digest earnings.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent. The index is up 3.4 percent so far this month.
Investors are now focused on the impending appointment of the Federal Reserve chair, with speculation rife that Fed governor Jerome Powell is the favoured suitor.
At 0555 GMT, the S&P BSE Sensex rose 0.34 percent at 33,269 while the broader NSE Nifty advanced 0.40 percent to 10,364.
Aviation stocks gained. Jet Airways India jumped 7 percent, InterGlobe Aviation added 1.7 percent and SpiceJet advanced 2.6 percent.
The S&P BSE Bankex Index rose 0.7 percent. Lenders including Punjab National Bank, Yes Bank, ICICI Bank and Bank of Baroda gained between 2 percent to 4 percent in Mumbai trading.
Maruti Suzuki India added 1.2 percent after its profit rose 3.4 percent in the quarter ended September 30.
Shriram City Union Finance rose 4.5 percent on reports that IDFC Ltd and Shriram Group are unlikely to extend the exclusive negotiation period for their proposed merger, which is ending on November 8.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.
