{"id":4178,"date":"2026-10-13T23:36:50","date_gmt":"2026-10-13T18:06:50","guid":{"rendered":"https:\/\/newsaxis.com\/?p=4178"},"modified":"2026-10-13T23:36:50","modified_gmt":"2026-10-13T18:06:50","slug":"sensex-surges-over-1100-points-as-fms-remarks-on-ltcg-stt-boost-sentiment","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=4178","title":{"rendered":"Sensex surges over 1,100 points as FM&#8217;s remarks on LTCG, STT boost sentiment"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"273\" height=\"400\" data-id=\"4179\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/10\/sensex-1-3.jpg\" alt=\"\" class=\"wp-image-4179\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/10\/sensex-1-3.jpg 273w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/10\/sensex-1-3-205x300.jpg 205w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Benchmark equity indices rebounded sharply on Tuesday, recovering from the previous session&#8217;s losses as investor sentiment improved after Finance Minister Nirmala Sitharaman indicated openness to discussions on key market-related taxes, including long-term capital gains (LTCG) tax and securities transaction tax (STT).<\/p>\n\n\n\n<p>The Finance Minister said she would be keen to hear the views of market participants on LTCG tax and STT, describing such debates as healthy.<\/p>\n\n\n\n<p>Her comments boosted investor confidence and sparked broad-based buying across sectors.<\/p>\n\n\n\n<p>The Sensex climbed 1,109.10 points, or 1.54 per cent, to close at 73,033.78, while the Nifty advanced 358.60 points, or 1.6 per cent, to settle at 22,721.95.<\/p>\n\n\n\n<p>Commenting on Nifty technical outlook, experts said that Nifty staged a strong recovery, with sustained buying interest throughout the session pushing the index decisively above the 22,600 resistance zone and beyond 22,700.<\/p>\n\n\n\n<p>&#8220;On the upside, 22,800 remains a crucial resistance level that the index must decisively breach and sustain above to extend the recovery toward the psychologically important 23,000 mark,&#8221; market watchers stated.<\/p>\n\n\n\n<p>&#8220;On the downside, 22,600 has now emerged as an important support zone, while 22,300 remains a key lower support level. Holding above 22,600 will be essential to sustain the recovery momentum,&#8221; analysts stated.<\/p>\n\n\n\n<p>Technology stocks led the rally, with HCL Technologies and Tata Consultancy Services (TCS) emerging among the top gainers on the Nifty index.<\/p>\n\n\n\n<p>Shriram Finance also featured prominently among the day&#8217;s best-performing stocks.<\/p>\n\n\n\n<p>The gains extended beyond frontline indices, although broader markets underperformed the benchmarks.<\/p>\n\n\n\n<p>The Nifty MidCap index rose 1.06 per cent, while the Nifty SmallCap index added 0.11 per cent.<\/p>\n\n\n\n<p>Among sectoral indices, Nifty IT registered the strongest gains as investors accumulated technology stocks.<\/p>\n\n\n\n<p>Nifty Realty and Nifty Consumer Durables also ended firmly in the green, reflecting improved risk appetite.<\/p>\n\n\n\n<p>In contrast, Nifty Pharma was the biggest sectoral laggard and closed lower despite the broader market rally.<\/p>\n\n\n\n<p>&#8220;The strong IT-led start and expectations of a decent overall Q2 corporate performance suggest the market is pricing in resilience despite a challenging external environment,&#8221; analysts noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Benchmark equity indices rebounded sharply on Tuesday, recovering from the previous session&#8217;s losses as investor sentiment improved after Finance Minister Nirmala Sitharaman indicated openness to discussions on key market-related [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-4178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-display","has_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/4178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4178"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/4178\/revisions"}],"predecessor-version":[{"id":4180,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/4178\/revisions\/4180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/4179"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}