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D-St surges 1% as reports hint tax cuts for foreign bond bets lift India stocks and rupee
Economy
Published on 15 May 2026
A bond tax tweak is nudging the rupee back
India’s benchmark indices jumped more than 1% on Thursday after a Bloomberg report said the government is considering cutting taxes on foreign investors’ holdings of Indian bonds. The news eased risk sentiment as the rupee rebounded from recent lows. Nifty gained 277 points to close at 23,689.6 and Sensex rose 789.74 points to 75,398.72, with Pharma, Metal and Financial Services leading. Foreign portfolio investors bought ₹187 crore of shares and domestic institutions added ₹684 crore.
- Nifty rose 277 points or 1.2% to finish at 23,689.6
- Sensex gained 789.74 points or 1.1% to close at 75,398.72
- Top sectors: Pharma, Metal, and Financial Services
- Foreign investors net bought shares worth ₹187 crore
- Domestic institutions net bought shares worth ₹684 crore
- VIX fell 4.2% to 18.6 as markets rebounded
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times