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.
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