Markets
India
Sensex jumps more than 900 points on hopes of a capital-gains tax cut, a steady Fed and softer oil
The Sensex closed at 74,151 and the Nifty at 22,937. Realty and PSU banks led the gains, while Trent and Maruti Suzuki fell.
The benchmark index of BSE (formerly the Bombay Stock Exchange), made up of 30 large, actively traded companies. Its daily moves are the most quoted measure of the Indian stock market.
The Sensex closed at 74,151 and the Nifty at 22,937. Realty and PSU banks led the gains, while Trent and Maruti Suzuki fell.
The government is examining whether to lower the 12.5% LTCG rate before the next Budget. Here is how the tax works today, with a worked example.