Indian Stocks Rally Nearly 2% on Crude Price Drop and FII Buying
Indian equities surged nearly 2% with the Sensex gaining 1,225 points and Nifty rising 370 points. Market sentiment improved due to falling crude oil prices, renewed foreign institutional investor (FII) buying, resilient corporate earnings, and expectations of changes in long-term capital gains (LTCG) tax. These factors added nearly Rs 4 lakh crore to market capitalization.
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