The S&P BSE Sensex is trading at 233,528 up 526 points, while NSE Nifty is trading at 7,143 up 156 points.
The BSE Mid-cap Index is trading up 1.11% at 9,681, whereas BSE Small-cap Index is trading up 1.22% at 9,665.
ITC, ICICI Bank, Axis Bank, Infosys, Wipro, Tata Motors and Adani Ports are among the gainers, whereas Bharti Airtel, ONGC, HUL, Dr.Reddy's, HDFC and Cipla are losing sheen on BSE.
Some buying activity is seen in FMCG, IT, banking, auto, realty, power and utilities sectors, while consumer durables sector is showing weakness on BSE.
SELL ONGC FUTURE BELOW 188.50 TG 187.50, 185.50 SL 190,
Technology-driven Union Budget to be beneficial for IT firms
Union Finance Minister Arun Jaitley presented the Union Budget 2016-2017 on February 29 in the Parliament. The budget, although, did not focus much on IT sector except the exemptions made in customs and excise duty under Make in India campaign, the digital and technology driven approach of the Union Budget is likely to prove beneficial for the tech firms.
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