Domestic equity market opened on a buoyant note on Tuesday a day after the Union Budget 2016. The 30-BSE Sensex reclaimed the psychological level of 23,500 and surged over 500 points in early trade on Tuesday. Similarly, the 50-share Nifty also reclaimed 7,100 mark and was trading over 150 points up at 7,141. According to market experts, sentiment got a boost with the government's decision to stick to its projected fiscal consolidation path and reduce its net borrowing program from Rs 4.8 lakh crore in FY16 to Rs 4.25 lakh crore in FY17 would open up space for another interest rate cut by the Reserve Bank of India (RBI) to stimulate the economy. Market experts believe agriculture-related stocks will benefit in coming days as government has taken steps for boosting agriculture, rural economy and manufacturing in India. The Budget has set aside Rs 9 lakh crore of agriculture credit in the financial year 2016-17, Jaitley said on Monday in his budget speech to parliament. Ambareesh Baliga, independent market expert, feels shares of Jain Irrigation, Mahindra & Mahindra Financial Services and Rallis India will benefit post Union Budget 2016. In the past one year, share price of Jain Irrigation, Mahindra & Mahindra Financial Services and Rallis India dipped 24 per cent, 17 per cent and 43 per cent, respectively. On Tuesday, Jain Irrigation, Mahindra & Mahindra Financial Services and Rallis India shares were trading up 1.56 per cent, 1.44 per cent and 1.19 per cent, respectively. The benchmark index Sensex was trading 507 points, or 2.21 per cent, up at 23,509. Rallis India is a manufacturer of agricultural products including pesticides, seeds and fertilisers. The government has also taken the initiative to give fillip to investments by increasing spending on roads and other infrastructure; leaving more in the hands of panchayats will stimulate rural demand. Total outlay for infrastructure has been put at Rs 2.21 lakh crore for 2016-17 adding total allocation for road and rail in 2016-17 is Rs 2.18 lakh crore. Sudip Bandyopadhyay, managing director and CEO, Destimoney Securities, \u201cJain Irrigation and Opto Circuits are looking lucrative post Budget.\u201d \u201cOpto Circuit will benefit on duty relief given for dialysis equipment,\u201d Bandyopadhyay added. Opto Circuits was trading 1.87 per cent up at Rs 9.79 on Tuesday. Opto Circuits develops and manufactures technologically-advanced medical equipment and devices for modern healthcare. G Chokkalingam, founder, Equinomics Research & Advisory said, \u201cEfficient fertiliser companies would be major beneficiaries of steep rise in expenditure on irrigation. One can consider Coromandel International and GSFC. Rural Expenditure and focus on low-cost housing will also help cement companies such as HIL (Hyderabad Industries).\u201d Coromandel International, GSFC and HIL Ltd shares were trading higher by 0.32 per cent, 0.16 per cent and 2.46 per cent, respectively, in the early trade. According to Ambit Capital, HUL, Shriram Transport Finance and Cholamandalam Finance could benefit from increase in rural household spending as announced in Union Budget 2016.