Top 3 reasons why Sensex rose over 800 points post Budget 2016

The S&P BSE Sensex surged over 800 points in morning trade on Tuesday, a day after the finance minister unveiled the Union Budget for financial year 2016-17. The rally in the index was led by heavyweights such as ITC, Infosys, ICICI Bank, RIL and L&T.

The Nifty50 managed to reclaim its crucial resistance level at 7,250, supported by gains in IT, oil & gas, metals, capital goods, banks and auto stocks. Financial Astrology

If the prognosis of Dalal Street analysts is anything to go by, here are the three key reasons moving the index higher.  Himanshu Tiwari Astrologer Blog

Budget fuels rate cut hopes: Finance Minister Arun Jaitley in his Budget 2016 focussed on fiscal prudence by sticking to the fiscal deficit target of 3.9 per cent of GDP for this year and pegging it at 3.5 per cent for the next has which has boosted investor hopes that the central bank can no longer postpone an interest rate reduction. Nifty Trading Tips
"The ball is now in RBI's court, and I almost expect a 50 bps rate cut in the next 48 hours," said Rashesh Shah, Chairman, Edelweiss. "While there has been a lower-than-expected allocation for the recapitalisation of public sector banks, I feel it's positive to push the banks to be proactive in cleaning their balance sheet,"  Jackpot Stocks Trading Tips

Rana Kapoor, MD& CEO, Yes Bank said: "With fiscal consolidation firmly in place, I expect RBI to oblige with a repo rate cut of 75 bps by end 2016. Sensex Astrology