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Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Benchmark Nifty closed at 22,722 on Tuesday, gaining 1.6% after a sharp recovery of 434 points.
- ✓The rise followed positive comments from the finance minister regarding LTCG tax.
- ✓Meanwhile, India VIX fell 7.4% to 14.12.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Benchmark Nifty staged a sharp recovery on Tuesday of 434 points from its intraday low and closed at 22,722 with gains of 1.6%, supported by positive comments from the finance minister, strong buying in IT stocks. Analysts say Indian equities are likely to extend their recovery in the near term, supported by improving sentiment following India’s Finance Minister Nirmala Sitharaman’s remarks that the government is willing to hear stakeholders’ views on removing LTCG tax. Any potential change could further improve investor sentiment and support equity market participation, although no formal proposal has been announced so far.
STATE OF THE MARKETS
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The Economic Times
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