Sensex Jumps 1,109 Points as FM Opens Door to LTCG, STT Talks
Sensex rose 1,109 points and Nifty 1.6% after FM Nirmala Sitharaman said she was open to hearing market views on LTCG tax and STT. What these taxes are, and what’s next.
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“Sensex Jumps 1,109 Points as FM Opens Door to LTCG, STT Talks”
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13 Oct 2026
Key Highlights
- The trigger: FM Nirmala Sitharaman said she was keen to hear market participants’ views on LTCG tax and STT.
- The rally: Sensex rose 1,109.10 points to 73,033.78; Nifty climbed 358.60 points to 22,721.95.
- Leaders: IT stocks, led by HCL Tech and TCS, plus Shriram Finance.
- Laggard: Pharma was the only major sector to fall.
- Key levels: Resistance at 22,800; support at 22,600 and 22,300.
Indian markets bounced back strongly on Tuesday, wiping out Monday’s losses, after Finance Minister Nirmala Sitharaman signalled openness to discussing two closely watched market taxes: long-term capital gains (LTCG) tax and securities transaction tax (STT).
The FM said she would be keen to hear market participants’ views on these taxes, describing such debates as healthy. The comment sparked broad-based buying.
Sensex climbed 1,109.10 points, or 1.54%, to 73,033.78, while Nifty rose 358.60 points, or 1.6%, to 22,721.95.
