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.  Stock Market Trading Tips

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. Jackpot Stocks 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 low .. 

The Finance Minister proposed a near three-fold hike in Securities transaction tax (STT) which could increase the impact cost for the average trader. The STT was increased on options sellers to 0.05% from 0.017% from June 1. Commodity Market Astrology Tips

However, traders said the hike would not amount to much, given that options premiums are much lower than their notional turnover. Nifty Trading Tips

"The increase in STT from 0.017% to 0.05% seems to have caused a ripple in the market, but traders should understand that this.  Personal Numerology