Online payments slowly gathered pace from May, with staggered opening of the economy. In May, the number of UPI transactions stood at 1.23 billion valued at Rs 2.18 lakh crore, showed the NPCI data.

Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results.

It is alleged that promoters of GVK group in MIAL in connivance with their executives and unidentified officials of AAI resorted to siphoning of funds using different ways, officials said.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since.

ITC was the top gainer in the Sensex pack, surging around 2 per cent, followed by Axis Bank, HDFC, IndusInd Bank, Bajaj Finance, SBI and Reliance Industries.

Aviation turbine fuel (ATF) price was hiked by Rs 2,922.94 per kilolitre (kl), or 7.48 per cent, to Rs 41,992.81 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

But sluggish global demand and fears of a second wave of infections will tame any optimism on the outlook and keep pressure on policymakers to support their ailing economies.

Traders expect the benchmark bond yield to remain in a tight 5.83% to 5.93% range in the near term in the absence of any fresh cues.

If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.

The Chinese apps banned in India include TikTok, Shareit, WeChat, Helo, Likee, UC News, Bigo Live, UC Browser, ES File Explorer and Mi Community.

The 30-share index was trading 211.55 points, or 0.61 per cent, higher at 35,173.07, while the NSE Nifty rose 57.35 points, or 0.56 per cent, to 10,369.75.

The purge of the banned Chinese apps on Apple App Store and Google Play Store may take some time. As of the time of writing this, apps including Likee, Vigo Video, WeChat, CamScanner and UC Browser are still available for download on Android and iOS.

Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6% decline.