Indian equity markets rallied on Tuesday, with the benchmark indices gaining more than 1.5% each, as Finance Minister Nirmala Sitharaman’s comments on long-term capital gains (LTCG) tax and securities transaction tax (STT), a rally in IT stocks, and other factors lifted investor sentiment. Stronger-than-expected technology earnings further bolstered confidence in corporate profit growth, supporting gains in benchmark-heavy large-cap stocks.
The Nifty 50 advanced 358 points, or 1.60%, to settle at 22,722, while the BSE Sensex climbed 1,109 points, or 1.54%, to close at 73,034.
