Stocks jump as Sitharaman says government will hear investors on LTCG tax
Mumbai, Oct. 13 -- Indian stocks rallied on Tuesday, with the Nifty 50 posting its biggest gain in over two months, after finance minister Nirmala Sitharaman said the government would hear investors' views on capital gains taxation. Her remarks lifted sentiment in a market battered by sustained foreign selling, though no policy change was signalled.The Nifty 50 rose 1.6% to close at 22,721.95 on Tuesday, its biggest single-day percentage gain since 3 August. The Sensex gained 1.5% to settle at 73,033.78, marking its strongest rise since 15 April. The rally came after the Nifty fell in eight of the previous nine weeks, as sustained foreign investor selling weighed on sentiment.
Speaking at the Bloomberg New Economy Forum in New Delhi on T...
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