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Capital Goods stocks were trading in green, with the S&P BSE Capital Goods index increasing 1027.41 points or 5% at 21577.11 at 09:48 IST.
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Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 265.76 points or 3.64% at 7573.49 at 09:48 IST.
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Sensex trades at 49992 up 1321 points. While the Nifty50 is up 384 points or 2.69% at 14672.
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Benchmark equity indices BSE Sensex and NSE Nifty extended their gains for the second straight session on Tuesday after Finance Minister Nirmala Sitharaman presented an expansionary Union Budget for 2021-22.
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Indigo Paints will debut on the bourses today after finalising the issue price at Rs 1,490 per share - the higher price band of its public offer.
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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 111 points at the opening bell.
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Sensex ended at 48,600.61, up 2314.84 or 5.00%, while Nifty climbed 646.60 points or 4.74% to settle at 14,281.20.
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After touching an intra-day high of 48,641.23, the 30-share Sensex was trading 2,311 points or 4.99 per cent higher at 48,595.25; and the broader Nifty surged 462.15 points or 3.39 per cent at 14,096.75.
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Indian Oil Corporation Ltd is quoting at Rs 94.9, up 1.77% on the day as on 12:49 IST on the NSE. The stock is down 12.17% in last one year as compared to a 18.43% gain in NIFTY
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Shares of nine textile firms gained in trade after the central government announced plans to set up mega textile parks in India.