Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election-related events lined up.
In the previous session on Thursday, the BSE bourse closed 278.60 points, or 0.75 per cent, higher at 37,393.48.
Elsewhere in Asia, bourses were trading significantly lower after the near collapse of trade talks with China last week.
RIL, Tata Motors, HDFC twins, Axis Bank, Bharti Airtel, ICICI Bank and TCS were the top gainers, rising up to 1.04 per cent.
The Sensitive Index (Sensex) of the BSE, which had closed at 37,789.13 points on Wednesday, opened lower at 37,747.91 points.
In the previous session on Monday, the BSE bourse settled at 38,600.34, down 362.92 points or 0.93 per cent. The broader NSE Nifty ended the day at 11,598.25, losing 114 points or 0.97 per cent.
In the previous session, the BSE bourse settled 50.12 points, or 0.13 per cent, lower at 38,981.43; and the broader Nifty slipped 23.40 points, or 0.20 per cent, to close at 11,724.75.
Markets regulator Sebi Tuesday directed National Stock Exchange to pay more than Rs 625 crore in the case of misuse of its co-location facility.
The gainers in the lot include HCL Tech, HDFC Bank, Asian Paints, Infosys, Hindustan Uniliver, Axis Bank and ONGC.
Top losers in the Sensex pack included Tata Steel, Vedanta, Maruti, SBI, Coal India, Tata Motors, Sun Pharma, HUL, RIL, IndusInd Bank, Axis Bank, HDFC duo, ICICI Bank, M&M, Kotak Bank, and Infosys, falling up to 2.89 per cent.
On Wednesday, Sensex had ended above the psychological mark of 39,000 after it gained sharply during the end of the trade session post last three days fall, the Nifty had begun the session on a positive note and then consolidated in course of the day's trading.
In the previous session Thursday, the BSE bourse settled 135.36 points, or 0.34 per cent, lower at 39,140.28.
After hitting a lifetime high (intra-day) of 39,487.45, the 30-share index was trading 136.38 points or 0.35 per cent higher at 39,412.02.
According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, Q4FY19 earnings season will remain crucial for further upside in the market.
According to Rajesh Gopinathan, chief executive officer and managing director at TCS, this is the strongest revenue growth that the firm have had in the last fifteen quarters.
Coal India, ONGC, Tata Steel, Kotak Bank, HUL, RIL and M&M were the top gainers, rising up to 1.51 per cent
Market may see some profit booking in the near-term given sharp run-up in markets.
The scrip gained 3.14 per cent to close at Rs 264.10 on the BSE. During the day, it jumped 5.38 per cent to Rs 269.85.
Meanwhile, the Indian rupee was trading lower by 27 paise at 69.50 against the US dollar in early trade on Monday.
The BSE gauge Sensex was trading 200.69 points, or 0.52 per cent, higher at 38,885.41.
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