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Nifty above 7550, Sensex up over 150 pts; Coal India slips 8%

Tata Motors, ICICI Bank, Hindalco, Adani Ports and Tata Steel are top gainers while Coal India, Bharti Airtel and BHEL are losers in the Sensex.

The market has opened on a strong note Monday. The Sensex is up 174.69 points or 0.7 percent at 24892.68 and the Nifty is up 51.70 points or 0.7 percent at 7561.90. About 598 shares have advanced, 110 shares declined, and 36 shares are unchanged.

The Indian rupee has opened higher by 5 paise at 66.99 per dollar against 67.04 on Friday.

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.