Sensex ends 1,100 points higher, investors richer by Rs 4.12 lakh crore: Why markets are up today

Stock market rally today: Indian equity benchmark indices, BSE Sensex and Nifty50, rallied strongly in trade on Tuesday, rising more than 1% in afternoon trade. Comments by Finance Minister Nirmala Sitharaman on long-term capital gains (LTCG) tax and securities transaction tax, along with a rally in IT stocks and other factors, lifted investor sentiment.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.IT companies led the gains among Sensex constituents. HCL Tech shares climbed more than 5% following the company's second-quarter results, while TCS, another heavyweight in the sector, advanced around 5%.