Sensex Finishes Sharply Higher
India’s BSE Sensex staged a strong rally to close about 1.7% firmer at 75,693 on Monday, its highest level since September 7, buoyed by strong corporate results, cooling oil prices and increased buying from foreign investors. Hopes of tax relief on equity investments also lent support to market sentiment, following reports of proposed changes to India's long-term capital gains tax regime. Reliance Industries topped the gainers, surging 11.6% to post its strongest single-day advance since April 2020, after reporting better-than-expected quarterly earnings.
India’s BSE Sensex staged a strong rally to close about 1.7% firmer at 75,693 on Monday, its highest level since September 7, buoyed by strong corporate results, cooling oil prices and increased buying from foreign investors. Hopes of tax relief on equity investments also lent support to market sentiment, following reports of proposed changes to India's long-term capital gains tax regime. Reliance Industries topped the gainers, surging 11.6% to post its strongest single-day advance since April 2020, after reporting better-than-expected quarterly earnings.