The market maintained its positive trend on Monday following strong global cues due to the dovish US Federal Reserve as well as startlingly strong US jobs data that soothed some of the market’s worst fears about the global outlook.

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At 12 pm, the BSE Sensex was trading 261 points higher at 35,958 points while the NSE Nifty was trading 74 points higher, holding on to its 10,800-mark.

Risk appetite got a huge boost on Friday when the US payrolls report showed that 3,12,000 net new jobs were created in December and Federal Reserve chairman Jerome Powell said the Fed would be flexible in policy decisions this year.

Yes Bank surged in trade, gaining over 0.37 percent, after reports suggested that Yes Bank's Rajat Monga and Former Max Life MD Rajesh Sud are in race to take over Rana Kapoor's position.

Titan Company rose 2.42 percent after the company said it expects a 22 percent growth in full-year jewellery business.

Tata Motors, Axis Bank, IndusInd Bank, Bharti Infratel and Titan were among the top index gainers while Zee Entertainment, Dr Reddy's Labs, Indiabulls Housing Finance, Bajaj Auto and IOC were among the top index losers of the hour.

Investors are keenly waiting for the Q3 earnings result season as it will kick-off from this week. IT major TCS is expected to be the first bluechip firm to come out with its Q3 result on January 10.

Besides Q3 results, investors are also looking out for the upcoming macro-economic data as the Central Statistics Office (CSO) is slated to release the IIP and CPI numbers on January 11.

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