Indian equity benchmarks Sensex and Nifty staged a sharp rebound on Tuesday, jumping more than 1.5% each after Finance Minister Nirmala Sitharaman’s comments on LTCG tax and securities transaction tax, along with an IT rally and other factors, boosted investor sentiment.
Sensex jumped 1,109 points to close at 73,034, while the Nifty climbed around 359 points to end the session at 22,722. The sharp gains added around Rs 5 lakh crore to the total market capitalisation of all companies, pushing it up to Rs 470 lakh crore.