{
  "id": 14174350,
  "title": "Sensex jumps over 1,100 points, investors richer by Rs 3.89 lakh crore: Why markets are up today",
  "url": "https://urgent.news/2026/10/13/sensex-jumps-over-1-100-points-investors-richer-by-rs-3-89-lakh-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T09:58:30.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/stock-market-rally-today-why-bse-sensex-nifty50-are-up-today-on-october-13-2026-fm-sitharaman-ltcg-stt-it-stocks-oil-prices-rupee-top-reasons-for-rise/articleshow/134914241.cms"
  },
  "original_language": "en",
  "account": "The Indian stock market experienced a significant rally today, with the BSE Sensex surging by 1,109 points and the Nifty50 rising by 359 points. This increase in investor sentiment can be attributed to comments made by Finance Minister Nirmala Sitharaman regarding long-term capital gains (LTCG) tax and securities transaction tax (STT) discussions taking place in domestic and international forums. Sitharaman stated that both Indian and international investors have been sharing their perspectives on the LTCG tax, as well as the debate over whether different asset classes should be taxed similarly. However, she did not commit to any changes or provide a specific timeline for any potential actions.\n\nAmong the Sensex constituents, IT companies played a crucial role in driving the market's upward movement. HCL Technologies saw its shares climb by more than 5% following the release of its second-quarter results, while Tata Consultancy Services (TCS) advanced by around 5%. Tech Mahindra and Infosys also posted gains of approximately 3% each. The rally in IT stocks was driven by positive sentiment towards the sector, despite global concerns surrounding the artificial intelligence (AI) market. The decline in global AI-linked stocks has improved the perception of India's leading technology companies, which are increasingly viewed as an \"anti-AI\" trade.\n\nThe rupee strengthened by 82 paise, reaching 94.96 against the US dollar in early trade, following several measures implemented by the Reserve Bank of India (RBI). These measures included tightening regulations on rupee non-deliverable derivative contracts and extending a 20% cash reserve requirement to banks' own rupee currency hedges. These steps were taken to support the weakening currency, although sustained recovery will depend on factors such as foreign institutional investor (FII) flows, crude oil prices, and broader dollar movements.",
  "summary": "Stock market rally today: BSE Sensex ended the day at 73,033.78, up 1,109 points or 1.54%. Nifty50 closed at 22,721.95, up 359 points or 1.60%.The rally added more than Rs 4.12 lakh crore to the combined market capitalisation of listed companies, taking the total to Rs 470 lakh crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "NDTV - India News",
        "title": "Sensex Jumps Over 1,100 Points, Rupee Rallies. Why Markets Went Up Today",
        "url": "https://urgent.news/2026/10/13/sensex-jumps-over-1-100-points-rupee-rallies-why-markets-went-up-today",
        "published": "2026-10-13T11:55:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}