Indian benchmark indices are likely to see a weak start on October 14, tracking GIFT Nifty, which was trading lower at around 22,763 in early trade.
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Bulls made a strong comeback in Tuesday’s session, with the Nifty closing above 22,700, led by IT stocks following strong quarterly earnings from HCL Technologies.
Markets erased opening losses in the initial hours and traded in positive territory for most of the session amid volatility. Gains extended in the final hour after Finance Minister Nirmala Sitharaman’s positive comments on long-term capital gains (LTCG) tax and the securities transaction tax (STT) lifted investor sentiment.
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.