D-Street braces for weak opening on negative GIFT Nifty cues

Sensex, Nifty Recover After Weak Opening Amid Hopes of LTCG Tax Relief

Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened lower on Wednesday but soon recovered to trade in positive territory, supported by hopes of relief on Long-Term Capital Gains (LTCG) tax, Securities Transaction Tax (STT) and a decline in institutional selling. However, weak global cues continued to weigh on market sentiment. Business News | Sensex, Nifty Recover After Weak Opening Amid Hopes of LTCG Tax Rel…

Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade higher

Sensex Today | Nifty 50 | Stock Market Live Updates: The benchmark Nifty staged a sharp recovery on Tuesday, rebounding 434 points from its intraday low to close at 22,722, up 1.6%. The rally was supported by positive comments from Finance Minister Nirmala Sitharaman and strong buying in IT stocks.

D-Street braces for weak opening on negative GIFT Nifty cues

The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest dip of the day. Positive remarks from Finance Minister Nirmala Sitharaman are likely to bolster investor confidence regarding the long-term capital gains tax. A decline in the India VIX suggests lower market anxiety, while foreign institutional investors recorded net sales, countered by robust domestic institutional purchases.