# Market Rally Driven by Tech Stocks and Policy Hopes

> Indian markets rebound after HCL Tech's strong results and Finance Minister's STT review comments.
- Title: Market Rally Driven by Tech Stocks and Policy Hopes · mint
- Summary: Indian markets rebound after HCL Tech's strong results and Finance Minister's STT review comments. Indian markets rose 1.54% on Tuesday as tech stocks led…
- Keywords: sensex, nifty, hcl technologies, securities transaction tax, finance minister, rupee, crude oil prices, fpi selling, money, business, Market, Rally
- Source: mint — https://livemint.com/market/stock-market-news/sensex-jumps-1-110-points-nifty-reclaim22-700-5-reasons-behind-today-s-stock-market-rally-11791888964630.html
- Author: A Ksheerasagar
- Published: 2026-10-13T12:19:13+00:00
- Read time: 1 min
- Topics: sensex, nifty, hcl technologies, securities transaction tax, finance minister, rupee, crude oil prices, fpi selling, money, business
## Market rebound on Tuesday
Indian markets rebounded Tuesday with Nifty 50 rising 1.60% to 22,721 and Sensex gaining 1.54% to 73,033.
## Technology stocks lead rally
HCL Technologies surged 8.4% after strong quarterly results, with Nifty IT index up 5.5% and TCS rising 6.8%.
## Rupee recovery and RBI measures
Indian rupee strengthened to 95.28 against US dollar after RBI introduced measures to support currency.
## Finance Minister's STT remarks
Finance Minister Nirmala Sitharaman said she would hear views on securities transaction tax to attract capital inflows.
## Crude oil prices dip below $105
Brent crude fell below $105 a barrel as markets assessed Russian energy supplies and Houthi attacks.
## FPI selling moderates
Foreign portfolio investors offloaded ₹1,708 crore on Monday but remain net sellers for 13th consecutive session.
## Market sentiment improves
Stronger rupee, softer oil prices, and hopes of STT reassessment boosted investor confidence in Indian markets.
## Key takeaway

Indian markets rose 1.54% on Tuesday as tech stocks led gains following HCL Technologies' strong quarterly results and hopes of securities transaction tax reassessment.