Sensex up over 300pts; excise duty on cigarettes hiked by 2.5-6%

The market continues to rise after Budget speech. The Sensex is up 326.40 points or 1.2 percent at 27982.36, and the Nifty up 81.00 points or 0.9 percent at 8642.30.

About 1679 shares have advanced, 915 shares declined, and 124 shares are unchanged. 

ICICI Bank, ITC, SBI, HDFC and GAIL are top gainers while TCS, Dr Reddy's Labs, Infosys, Sun Pharma and Lupin are losers in the Sensex. 

ITC is up 4 percent as excise duty in cigarettes is hiked by 6 percent across all lengths.

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Posted in: Indian Market Tips