Sensex Rises 1100 Points on Finance Minister's LTCG Tax Remarks
Finance Minister Nirmala Sitharaman said the government is open to discussions on reducing the long-term capital gains (LTCG) tax, calling the debate healthy. Her comments raised investor hopes for LTCG and securities transaction tax cuts ahead of the February Union Budget. Following this, the Sensex surged 1,109 points to 73,034, and the Nifty gained 359 points to 22,722. Sitharaman also addressed RBI steps to control rupee volatility.
TOI Business··Mumbai

