The domestic benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU bank and financial services sectors in the early trade.
At around 9.29 am, Sensex was trading 396.06 points or 0.50 per cent up at 78,949.26 while the Nifty added 98.20 points or 0.41 per cent at 23,949.85.
Nifty Bank was up 862.25 points or 1.59 per cent at 55,152.45. The Nifty Midcap 100 index was trading at 52,891.30 after adding 233.50 points or 0.44 per cent. Nifty Smallcap 100 index was at 16,460.35 after climbing 50.15 points or 0.31 per cent.
According to market watchers, after the positive opening, Nifty is likely to find support at 23,700, followed by 22,600 and 22,500. On the upside, 24,000 may act as the immediate resistance, followed by 24,200 and 24,500.