Nifty Rises 434 Points on Positive Market Sentiment
The Nifty index closed at 22,722, gaining 434 points from its lowest dip during the day. Finance Minister Nirmala Sitharaman's positive comments are expected to boost investor confidence about long-term capital gains tax. A drop in India VIX indicates reduced market anxiety. Foreign institutional investors sold shares, but strong domestic institutional buying balanced the market.
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