02:51
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The Sensex is up 401.94 points or 1.4 percent at 29148.59, and the Nifty is up 130.40 points or 1.5 percent at 8814.25. About 1715 shares have advanced, 987 shares declined, and 199 shares are unchanged.
The expectations from the Union Budget 2015-16 have come off slightly in the past few days, says Pratik Gupta, head of equities, Deutsche Bank. Speaking to CNBC-TV18, Gupta says the Union Budget is expected to be growth-oriented, just like the Railway Budget, but long-term investors are more worried about the pending legislations. However, investors are positive on the Indian equity market given the global backdrop, commodity prices and flow of funds. “So, we would recommend buying the Indian market on every dip. India will see a good recovery though the timing of the recovery is not clear,” he adds.
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