Capital market stocks jumped up to 8% on three unspecified rally reasons.
Context
What happened: Capital market stocks rallied, with Angel One up nearly 8% and the Nifty Capital Markets index rising more than 3% to a seven-week high of 5,380 on Tuesday.
Key numbers: Angel One up nearly 8%, extending 2026 gains to 32%. Motilal Oswal up nearly 6%. CDSL, CAMS, 360 One WAM up around 5% each.
Why it matters: Finance Minister Nirmala Sitharaman said the government would "consider" foreign investor requests to review taxes on equity capital gains. Jefferies said a potential LTCG tax cut could offer foreign investors a reason to return to the market.
What changed
Capital market stocks rallied, with Angel One up nearly 8% and the Nifty Capital Markets index rising more than 3% to a seven-week high of 5,380 on Tuesday.