Equity benchmarks started off the week on a strong note, with the Sensex surging nearly 300 points driven by ITC but immediately erased some gains due to correction in select banks and technology stocks.
The 30-share BSE Sensex was up 157.16 points at 31,078.77 and the 50-share NSE Nifty rose 38.30 points to 9,559.20.
ITC rallied 8 percent after the Central Board of Excise and Customs, over the weekend, removed excise and additional excise duty on cigarettes, while the National Calamity Contingent continued to remain.
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