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Brokerage firm Axis Securities is positive on stocks like Maruti Suzuki, Minda Corp, Polycab India, Canfin Homes, SBI Life, KNR Construction, HG Infra, Welspun India, Dalmia Bharat for Budget play.

"Gold prices have bounced back from near to its support of Rs 47,400 levels. It may consolidate at current levels before gaining strength for an upward move towards the Rs 48,000 levels," said Ravi Singh, Vice President and Head of Research, ShareIndia.

Among Sensex stocks, ICICI Bank climbed 2.24 per cent to Rs 806.90. IndusInd Bank, HDFC and Sun Pharma advanced up to 2.2 per cent. Infosys, Kotak Mahindra Bank, Axis Bank and HDFC Bank gained over 1 per cent each.

As of 31-Dec-2021, promoters held 43.49 per cent stake in the company, while FIIs held 35.31 per cent and domestic institutional investors had 1.56 per cent.

The Controller General of Accounts data showed the government received Rs 17.61 lakh crore (89.1% of the corresponding BE 2021-22 of total receipts) up to December. This comprises Rs 14.73 lakh crore of tax revenues, Rs 2.59 lakh crore of non-tax revenues, and Rs 28,469 crore of non-debt capital receipts.

The survey pointed out that imported inflation in edible oil and pulses jacked up the prices of these commodities, which were controlled by proactive measures by the government.

Adani Ports, Tech Mahindra, Chola Finance, P&G, Jindal Steel, Sona BLW, Kansai Nerolac, Indian Hotels and TTK Prestige are among the companies that will announce their December quarter results today.

Even as the Economic Survey has raised concerns on elevated inflation, the government would remain pro-growth in its Budget and would focus on higher spending for higher economic expansion, given it has projected an encouraging FY23 GDP growth of 8-8.5 per cent, said Mitul Shah, Head of Research at Reliance Securities.

Gold prices were flat on Tuesday, as a weaker dollar countered concerns about potential interest rate hikes, while investors waited for a slew of economic data to gauge the strength of global economies. Spot gold was little changed at $1,797.94 per ounce by 0140 GMT. U.S. gold futures were up 0.2% at $1,799.10.

It also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark Zuckerberg has heralded as "the successor to the mobile internet."