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 around LTCG tax and securities transaction tax, along with IT rally and other factors boosted investor sentiment.
Sensex jumped 1,100 points to close at 73,034, while the Nifty climbed over 350 points to end the session above the 22,700 level. 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.
