Diwali dhamaka isn't over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days

Contributing sentiments towards policy:

69% : FIIs return, tax hopes grow The prospect of tax reforms for long-term investors is also prompting foreign investors to reassess their India exposure, according to Manoj Purohit, Partner and Leader, Financial Services Tax, Tax & Regulatory Services at BDO India.
59% : Ease of doing business, post-tax corporate earnings, US trade policies, currency valuations and inflation will also influence India's appeal to global investors.
57% : Industry proposals include rationalising the Securities Transaction Tax, simplifying capital-gains taxation and providing potential relief under the Long Term Capital Gains regime for offshore institutional investors.
56% : He said recent representations by industry bodies, along with the Finance Ministry's readiness to revisit the taxation framework for long-term investors in the upcoming Budget 2027, had encouraged foreign investors to pause and reassess Indian equities from a long-term perspective.
53% : However, the recent few weeks have witnessed a wait-and-watch approach towards large stake sales in Indian listed companies, as expectations of capital market tax reforms gather momentum," Purohit said.
52% : Expectations have also gathered pace around the possible abolition of the current 12.5% LTCG tax on foreign investors' equity investments.
47% : The rally has therefore brought together several forces: a sharp reversal in FII flows, better earnings, hopes of tax reform, easing global trade concerns, lower crude prices and a rotation away from the AI-heavy parts of global markets.
45% : Investors holding long-term positions with significant unrealised gains are reportedly postponing exits while awaiting clarity on whether the government will rationalise equity taxation and reduce transaction costs, Purohit said.
44% : He added that tax reform may not be the only factor driving the revival in market sentiment.

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