Nifty opens above 7550, Sensex gains over 150 pts

The market on Monday opened on a positive note with the Sensex surging 174.69 points or 0.7 percent at 24892.68.

Nifty on the other hand opened above the level of 7550 gaining 51.70 points or 0.7 percent at 7561.90.

Among the early gainers were Tata Motors, ICICI Bank, Hindalco, Adani Ports and Tata Steel, while Coal India, Bharti Airtel and BHEL were in the losers category.

The Indian rupee opened higher by five paise at 66.99 per dollar against 67.04 on Friday.

According to market experts, there is a positive stance on the rupee as the FII flows, gold and crude prices, might challenge 66.80/dollar.

The US dollar was at one-month lows against a basket of major currencies with the Federal Reserve seen almost certain to stand pat at this week's policy review.

Asia markets traded higher, extending Friday's gains, as traders began to take a more positive view of the European Central Bank's (ECB) monetary policy decision last week.