On Monday, while unveiling the interim budget finance minister P Chidambaram announced a number of pro-industry measures including excise duty cuts on vehicles, capital goods products and mobile handsets.
Among sectoral indices, the BSE Bankex gained 2.34%. BSE Capital Goods (2.09%) and BSE Metal (1.03%) were among the major gainers on Tuesday. Among individual stocks, Axis Bank (4.42%), Housing Development Finance Corporation (2.99%) and ICICI Bank (2.80%) were the major gainers.
Asian markets showed a mixed trend. The Nikkei ended 3.13% higher as the Bank of Japan decided to continue with its stimulus package on Tuesday. The Hang Seng (0.23%), KOSPI (0.03%) and Taiwan Taiex (0.43%) ended in the green. Meanwhile, the Shanghai Composite (-0.77%) ended in the red.
Experts expect markets to remain range-bound. Nifty may trade within a range of 6000 6150. We expect technical pullback from the current level and Nifty may touch 6100, Standard Chartered said in a note.