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Nifty hits 8950, Sensex strong; Banks surge, ITC falls 3%

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After closing strong on Budget day, the market has once again opened firmly on Monday. The Sensex is up 177.98 points or 0.6 percent at 29539.48 and the Nifty is up 52.75 points or 0.6 percent at 8954.60.

About 439 shares have advanced, 89 shares declined, and 102 shares are unchanged.

Axis Bank, ICICI Bank, SBI, ONGC and HDFC Bnak are top gainers while Tata Power, ITC, Bharti Airtel and TCS are major laggards in the Sensex.

The Indian rupee opened marginally lower at 61.89 per dollar versus 61.83 Friday.

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