Analysts feel that unless there is an extraordinary development in the coming months, markets will remain volatile till the general elections.

Finance Minister Piyush Goyal: Fiscal deficit has come down to 3.4 per cent in revised estimate of 2018-19; current account deficit expected to be 2.5 per cent this year.

At 11:32 hours, the BSE Sensex was trading at 36,017.93, up by 426.68 points or by 1.2 per cent, amid optimism about upcoming Union Budget and dovish comments by the US Federal Reserve after it kept interest rate unchanged.

The DHFL share price opened 7.73% or 13.15 points lower at 156.90 and touched an intra day low of 153.50, down 9.73% on the BSE.

TCS (1.71%), Coal India (1.51%), L&T (1.17%) and PowerGrid ( 0.97%) were the top Sensex gainers.  Top Sensex losers were YES Bank (5.46%), Bajaj Finance (5.40%) and ICICI Bank (3.82%).

The company, which is facing serious financial crunch in NBFC and HFC space, sold its entire stake in DHFL Pramerica Aset Managers (DPAM) to Prudential Financial to focus more on its core business.

Yes Bank had disclosed an exposure of over Rs 2,600 crore to the entities associated with the troubled IL&FS group

PNB Housing Finance posted a jump of 33% in consolidated net profit at Rs 252.99 crore in the second quarter ended September 2018

The government has asked the RBI for a dedicated liquidity window for these lenders similar to one allowed for the entire Indian financial sector during the 2008-2009 global financial crisis.

Reliance Industries fell 2.8 percent, while Housing Development Finance Corporation slipped 1.6 percent. Hindustan Petroleum Corp Ltd fell 4.77 percent, and was the top loser on the NSE index.