Market reacts positively to minister's remarks on long‑term capital gains tax

Following Sitharaman's comments, Indian equity markets recorded a notable rally. By the close of trade, both the Sensex and the Nifty 50 had risen more than one percent. Analysts linked the upward move to investor optimism that the government may address long‑standing concerns about capital‑gain taxation and the associated STT burden. Industry bodies and foreign portfolio investors have repeatedly argued that India's capital gains regime hampers the competitiveness of the domestic equity market and deters foreign inflows. The minister's acknowledgment of these viewpoints appeared to reassure traders, fueling the intra‑day surge.