After Union Budget 2016; Nifty is up 125.65

The market rebounded sharply after the market priced in Union Budget 2016 in previous session. The Sensex is up 415.64 points or 1.8 percent at 23417.64 and the Nifty is up 125.65 points or 1.8 percent at 7112.70. About 1035 shares have advanced, 259 shares declined, and 44 shares are unchanged. For 2 days free trial on  intraday tips, Commodity tips and Intraday Equity tips, please visit this site at www.capitalheight.com/about.php or please call our 24/7 Customer Care Support us at +91 9993066624, 0731-6615050.

Market Outlook:-

• The market is on a roll as bulls celebrate, Budget proposals by Finance Minister Arun Jaitley, in style. The Sensex is up 528.38 points or 2.3 percent at 23530.38, and the Nifty is up 157.65 points or 2.3 percent at 7144.70. About 1357 shares have advanced, 304 shares declined, and 62 shares are unchanged. 
•  ITC, ICICI Bank, Axis Bank, GAIL and Hero MotoCorp are top gainers while ONGC, HUL, HDFC and Dr Reddy's Labs are losers in the Sensex.
• The Indian rupee gained 17 paise in the early trade today. It has opened at 68.26 per dollar versus 68.43 Monday.
• Crude oil rose above USD 36 per barrel after Saudi Arabia pledged to work with other crude producers to limit market volatility.
• Top picks remain unchanged: HDFC Bank, ICICI Bank, Infosys, Sun Pharma, Power Grid and Zee Entertainment, Nandurkar says.
• Gold rose for a second straight session on Tuesday as global economic concerns spurred safe-haven demand and assets in the top bullion fund reached the highest since 2014.Asian shares rose slightly in early trade on Tuesday, with sentiment bolstered by China's easing move and gains in oil prices but also constrained by lacklustre US and European data that kept concerns about global growth momentum alive.