NEW DELHI: The domestic equity market started the week on a strong note as key benchmark indices logged big gains in the opening trade on Monday. The S&P BSE Sensex reclaimed the crucial 35,000 level and was trading 190 points higher at 35,160. On similar lines, the broader Nifty50 index of National Stock Exchange (NSE) reclaimed the 10,700 level. At 9:20 am, the 50-share pack was trading at 10,742, up 50 points with 39 constituents in the green and 11 in the red.”Events like rising crude oil prices and Karnataka elections will create some volatility in market. However, corporate performance has remained positive and earnings are showing signs of recovery,” said Anita Gandhi, Whole Time Director at Arihant Capital Markets.PC Jeweller spurted 9 per cent in the opening deals to hit a high of Rs 194 after the company informed bourses it will consider share buyback prosal in its board meeting on May 25.Oil-to-telecom conglomerate Reliance Industries (RIL) slipped over 1 per cent in trade despite company posting its highest-ever quarterly profit for March quarter on Friday. According to reports, the company is planning to shut oil and gas production at its main fields in KG-D6 block in the coming months. At 09:27 am, shares of the company were trading at Rs 980 apiece, down 1.48 per cent. Volatility index Vix surged nearly 3 per cent to 12.37. In the sectoral landscape, all the indices except metals were trading in the green. The Nifty Metal index was trading 0.37 per cent lower at 3,749.85. Shares of PSU banks advanced the most with Nifty PSU Bank index trading 1.38 per cent higher at 2,854.