At the National Stock Exchange, all sectoral indices except for IT were in the positive zone. Nifty metal gained by 1.8 per cent, auto by 1.7 per cent and PSU bank by 1.2 per cent.

A day earlier, equity benchmark indices continued to gain with the Nifty rising for the fourth consecutive session and closed above the psychological 11,000 mark.

Metal stocks were up with Vedanta gaining 2.8 per cent, Tata Steel by 2.6 per cent and JSW Steel by 2.1 per cent.

Meanwhile, Asian shares jumped to a one-week high following strong gains on the Wall Street overnight amid signs that China is open to a resolution of its trade war with the United States. Investors also hoped that central banks and governments will do more to avert a global growth slowdown.

The optimism over Sitharaman's bid to boost auto and infrastructure sectors was tempered with caution amid renewed trade war escalation between the United States and China along with fresh forecasts of a slowdown in global economic growth.

Among stocks, Bharti Infratel was the top gainer and moved up by 3.2 per cent to trade at Rs 257.30 per share. Sun Pharma was up by 2.8 per cent, Indiabulls Housing Finance by 2.7 per cent, Dr Reddy by 2.2 per cent and Cipla by 1.5 per cent.

Among stocks, Indiabulls Housing Finance gained by 8.3 per cent to trade at Rs 481.35 per share. Power Grid Corporation was up by 2.5 per cent, UltraTech Cement by 2.1 per cent, Grasim by 2 per cent and Bharti Infratel by 1.5 per cent.

Among stocks, Zee Entertainment gained by 5.6 per cent to trade at Rs 330 per share. Yes Bank was up by 4.3 per cent, IndusInd Bank by 1.6 per cent, Wipro by 1.3 per cent and Hero MotoCorp by 1 per cent.

MSCI's broadest index of Asia Pacific shares outside Japan fell by 1.5 per cent to its lowest level since January. The Shanghai Composite Index retreated by 2 per cent, Japan's Nikkei by 2.1 per cent and South Korea's KOSPI by 1.6 per cent.

Yes Bank was up 4.1 per cent, Sun Pharma 3.3 per cent, Tata Motors 1.6 per cent and Dr Reddy 1.5 per cent. Eicher Motors, Bajaj Auto, Grasim, Maruti and UltraTech Cement also show marginal gains.