Bulls have complete control over Dalal Street today as the Sensex shot up 702.96 points or 3.06 percent to 23704.96. The Nifty reclaimed 7200-mark, up 213.95 points or 3.06 percent to 7201.
About 1846 shares advanced against 574 declining shares on the BSE.
ITC rallied 10 percent as analysts say hike in excise duty on cigarettes is on expected lines.
Shares of ICICI Bank, Infosys, TCS, L&T, Tata Motors, Maruti, Axis Bank, Hero Motocorp, M&M, Adani Ports and Wipro gained 3-7 percent.
ONGC fell 2.5 percent as CLSA downgraded the stock to sell post Union Budget.
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