Sensex up 1,109 pts,Nifty above 22,700 amid FM's LTCG remarks

The domestic share market traded on a postive note on Tuesday, following strong quarterly earnings from HCL Technologies.Meanwhile,investor sentiment further improved extended in the final hour after Union Finance Minister Nirmala Sitharaman's positive remarks on market taxes.FM said that she will be keen to hear market participants’ views on long-term capital gains (LTCG) tax and securities transaction tax (STT), calling such debates healthy. At close, the Sensex was up 1,109.10 points or 1.54 percent at 73,033.78, and the Nifty was up 358.60 points or 1.60 percent at 22,721.95.
HCL Technologies, TCS, Shriram Finance, Tech Mahindra and Infosys were the top gainers on the Nifty, while losers included Eternal, Kotak Mahindra Bank, Max Healthcare, Power Grid Corp and Maruti Suzuki.On the sectoral front,except energy and pharma, all other sectoral indices ended in the green with Information Technology index gained 5%, while Metal, PSU Bank, Auto, Consumer Durables, Realty up 1 percent each, according to agency reports.Broader markets also ended higher but underperformed the benchmark indices, with the Nifty Midcap index rising 0.7%, while Smallcap index closing flat.
Rupee Close:
On 13 Oct'26,the Indian rupee strengthened for the third straight session on Tuesday  and appreciated 40 paise to close at 95.38 (provisional) against the U.S. dollar, supported by various RBI measures aimed at reducing spot dollar demand and curbing excessive positioning in the foreign exchange market.Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee.
Trading Guide:
Market experts recommended Bank of India, GAIL, and Dabur India - as the top stocks to sell on Tuesday. Besides recommended Dr Reddy's Laboratories as the top stock to buy.

(Business Correspondent)