Nifty above 8600, Sensex up over 100 pts; SBI gains 2%

The market has opened with some gains as the Nifty is above 8600-mark. The 50-share index is up 45.85 points at 8611.40. The Sensex is up 140.97 points at 28496.59. About 743 shares have advanced, 198 shares declined, and 127 shares are unchanged.

SBI is up 2 percent while Sun Pharma, Axis Bank, L&T and ICICI Bank are top gainers in the Sensex. Among the losers are Bharti Airtel, Infosys, ONGC, GAIL and Cipla.

The Indian rupee opened lower by 8 paise at 62.26 per dollar against previous day's closing value of 62.18 a dollar.

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