Dalal Street Bounces Back: Sensex Gains 1,109 Points, Nifty Crosses 22,700 After FM Remarks on Capital Gains Tax
GujaratSamachar English 1 hr ago·13 Oct 2026, 10:56 am
India’s equity markets rallied on Tuesday, with the BSE Sensex climbing about 1,100 points and the NSE Nifty breaking the 22,700 level. The surge followed comments from the finance minister that the government is reviewing the proposed changes to capital‑gains tax, easing fears of a steep increase.
The capital‑gains tax issue had been weighing on investors because higher rates could cut after‑tax returns on equities and mutual‑fund holdings. The minister’s reassurance reduced that risk premium, prompting buying across large‑cap and mid‑cap stocks and lifting overall market sentiment.
Investors will now look for any concrete policy announcement, as the actual tax rate and its implementation timeline will determine whether the rally can be sustained. In the meantime, corporate earnings reports and global cues such as US rate moves will also shape the next few sessions.
Excerpt from GujaratSamachar English
Dalal Street snapped its recent losing streak on Tuesday as benchmark indices staged a fierce rally, driven by heavy buying in IT heavyweights and encouraging comments from Union Finance Minister Nirmala Sitharaman regarding capital gains tax structures. The 30-share BSE Sensex surged 1,109.10 points, or 1.54 per…Read the original at GujaratSamachar English
Key takeaways
- Category: Corporate Action.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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