STREET CELEBRATES WITH A RALLY
Sensex marks biggest gain in 7 months; highest FII buying in 2 yrs
By Our Bureau | Mumbai
The Sensex on Thursday notched up its biggest single-day gains since April as overseas funds bought the most into Indian stocks in more than two years. The US midterm results sank oil prices and buoyed bets a Democratic congressional control would limit White House policy flip-flops and discourage artificial intelligence-heavy trades. Foreign institutional investors (FII) bought Rs 14,975 crore worth of stock, provisional data on the NSE showed. This was the single-biggest daily buying by overseas funds since September 2024. The BSE Sensex surged 2,008.61 points, or 2.60%, to close at 79,310.01, while the NSE Nifty climbed 576 points, or 2.40%, to settle at 24,536.60. By points, the Sensex logged its biggest gains since early April, when it began a short-lived recovery following the start of the Iran war.
All Lit Up
Days when Sensex gained more than 2,000 points
May 12, 2025 – 2,975 points – 3.7%
April 8, 2026 – 2,946 points – 3.9%
June 3, 2024 – 2,507 points – 3.4%
April 7, 2020 – 2,476 points – 9.0%
February 1, 2021 – 2,315 points – 5.0%
June 5, 2024 – 2,303 points – 3.2%
May 18, 2009 – 2,111 points – 17.3%
February 3, 2026 – 2,073 points – 2.5%
November 5, 2026 – 2,009 points – 2.6%
Biggest Sensex Returns (%) This Year
April 8 – 3.95%
November 5 – 2.60%
February 3 – 2.54%
June 12 – 2.30%
October 15 – 2.11%
March 24 – 1.89%
November 2 – 1.66%
April 1 – 1.65%
April 15 – 1.64%
March 25 – 1.63%
November 3 – 1.62%
BSE-listed companies' total market capitalisation: ₹504.2 lakh crore, up 6.01% or ₹28.6 lakh crore this week.
Market Has Gamut of Views on LTCG Tax
SCRAP IT OR LOWER IT
Key stakeholders suggest scrapping LTCG tax, removing it for FPIs, or lowering the rate to address concerns over it and STT.
Reported by: Deepshikha Sikarwar and Nishanth Vasudevan.
BSE Market Cap Passes ₹500 Lakh Crore Milestone
INDICES BELOW PEAKS
The combined market capitalisation of companies on the BSE crossed ₹500 lakh crore for the first time on Thursday, reaching around ₹502 lakh crore.
Reported by: Ravindra Sonavane.
The Economic Times
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