Stock Market Today: Nifty Crosses 22,700 as Sitharaman’s LTCG, STT Remarks Boost Sentiment
The Indian stock market staged a strong rally on Tuesday, October 13, 2026, as heavy buying in information technology (IT) shares lifted benchmark indices. The BSE Sense* jumped 1,109.10 points, or 1.54%, to close at 73,033.78, while the NSE Nifty 50 gained 358.60 points, or 1.60%, to settle at 22,721.95.
The rally was supported by strong quarterly results from major IT companies, buying in select stocks, improving currency sentiment and investor attention on Finance Minister Nirmala Si
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Stock Market Today: Nifty Crosses 22,700 as Sitharaman’s LTCG, STT Remarks Boost Sentiment - Oct 13,2026
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UPI Charges Update: 0.4% MDR on Payments Above ₹2,000 Deferred Until After Diwali - Oct 13,2026
The proposed 0.4% Merchant Discount Rate (MDR) charge on select UPI payments above ₹2,000 has been deferred until after Diwali, offering temporary relief to merchants ahead of the festive shopping season. The National Payments Corporation of India (NPCI) had originally scheduled the new framework to take effect on October 15, 2026. A revised implementation date has not yet been announced. Source: Business Standard The postponement follows concerns raised by traders, retailers and payment industry participants about introducing transaction processing charges during a period when consumer spending and digital payments typically rise. The proposed fee structure remains in place for now, but its implementation has been pushed beyond the festival. The change does not mean that customers will start paying a new UPI transaction fee. Under the an
