Sensex, Nifty extend gains on FM Sitharaman's LTCG tax, STT remark
Business Today 3 hrs ago·13 Oct 2026, 9:15 am
Indian equity benchmarks Sensex and Nifty extended their winning streak on Thursday, driven by positive market sentiment following Finance Minister Nirmala Sitharaman's comments on capital gains tax and securities transaction tax.
The minister clarified that the recent hike in long-term capital gains (LTCG) tax is not a move to discourage investment. Her remarks helped soothe investor fears that the new tax regime would dampen market enthusiasm. This clarity reassured investors, leading to a broad-based rally across sectors.
Investors should watch for any further comments from the government regarding fiscal policy and market regulations. The current rally suggests that the market is digesting the new tax structure, but sustained momentum will depend on global cues and domestic economic data.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
