(Reuters) -Indian shares opened higher on Monday as Kotak Mahindra Bank's results boosted private banks and Wipro's better-than-expected quarterly profit helped lift IT stocks. The Nifty 50 rose 0.38% to 23,

Wipro Q3 earnings beat estimates, revenue grows 0.4% QoQ. Tech Mahindra Q3 profit falls 21.4% QoQ to Rs 983 crore . Kotak Mahindra Bank Q3 profit grows 10% YoY to Rs 3,305 crore. RBL Bank Q3 profit plunges 86% YoY to Rs 33 crore on sharp increase in provisions.

Shares of Kotak Mahindra Bank Ltd. 500247 advanced 9.15% to 1,919.60 Indian rupees Monday, on what proved to be an all-around positive trading session for the stock market, with the BSE SENSEX Index 1 rising 0.

India's benchmark indexes advanced on Monday, led by gains in Kotak Mahindra Bank and Wipro after their better-than-expected quarterly earnings, while the focus shifts to the U.S. policy framework with Donald Trump set to take oath as the President.