New Delhi: The domestic equity index on Tuesday is traded higher in the initial trade with a focus on the Union 2022-23 budget presentation. Asian stock markets are traded in a higher tone because Japanese Nikkei rose 0.71 percent and South Korea Kospi jumped 1.87 percent. The trend on SGX Nifty shows a positive opening for the market at home. Nifty Futures in Singapore Exchange also known as SGX Nifty Futures jumped 126.25 points or 0.73 percent to 17,494.

Benchmark BSE Sensex and the wider NIFTY NIFTY have recorded an increase on Monday by buying in all sectors. The 30-share BSE index has jumped 814 points or 1.42 percent to settle at 58,014; While the wider NIFTY NSE has moved 238 points or 1.39 percent to close at 17,340.

Investor sentiment remains positive because the economic survey is projected that the Indian economy will grow at 9.2 percent in the current fiscal year 2021-22.

The economy was contracted by 7.3 percent in 2020-21 due to the impact of the Covid-19 pandemic and subsequent national locking to examine the spread of the coronavirus.

Analysts have predicted that the domestic index can rise on budget days because presentations can see strong expulsion boost to increase economic growth.