Barometers traded with robust gains in afternoon trade. At 13:31 IST, the barometer index, the S&P BSE Sensex, jumped 1836.11 points or 3.97% to 48,121.88. The Nifty 50 index surged 507.90 points or 3.73% to 14,142.50. Shares rallied as there was no COVID-19 tax in the Union Budget. The budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system and supported growth on an overall basis. In broader market, the S&P BSE Mid-Cap index was up 2.19% while the S&P BSE Small-Cap index was up 1.39%. The market breadth was positive. On the BSE, 1773 shares rose and 1022 shares fell. A total of 177 shares were unchanged.