FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?

What happened: Finance Minister Nirmala Sitharaman said discussions on long-term capital gains tax and securities transaction tax were ongoing, and Indian equities rallied, with the Sensex surging over 1,000 points. Key numbers: Sensex up over 1,000 points. Why it matters: The remarks lifted sentiment on a possible LTCG review, while IT stocks led by HCL Tech and TCS supported gains. Mixed broader-market trends, elevated crude prices and inflation concerns tempered sentiment.

Finance Minister Nirmala Sitharaman said discussions on long-term capital gains tax and securities transaction tax were ongoing, and Indian equities rallied, with the Sensex surging over 1,000 points.

The remarks lifted sentiment on a possible LTCG review, while IT stocks led by HCL Tech and TCS supported gains. Mixed broader-market trends, elevated crude prices and inflation concerns tempered sentiment.