FM Sitharaman's LTCG tax remarks lift Sensex by 900 points. Can markets read hope of review?
HCL Technologies secured new business in a monetary policy development.
· ET Stocks, Economic Times Markets
Indian equities rallied on Tuesday, with the Sensex surging over 1,000 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS.
The analysis
Against that, the stock is +8.5% on the day at ₹1,320.10, and has returned +7.2% over three months. It sits 24% below its 52-week high. The it sector has moved -1.2% over the same period, so HCL Technologies is running 8.4 points ahead of its peers.
For HCL Technologies, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is HCLTECH.
- Sector exposure: IT, Capital Goods & Engineering, Capital Markets.
- The immediate tone of coverage reads positive.
In this story
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