The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
capital gains tax
Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]
Let the dust settle on the budget’s tax shocker before chasing any likely dip, but mutual fund investors can continue their investments—In sum, that’s the message from stock market veterans for retail investors, after the Union budget proposed higher capital gains tax for profits from share sales. “The rise in […]
The biggest negative impact of the Union Budget FY25 announcements within the non-BFSI sector will be on the financial intermediaries such as stock exchanges, brokers and wealth managers. BFSI stands for banking, financial services and insurance. The short-term capital gains tax has been increased to 20% from 15% and long-term […]
Budget 2024: On the Budget day, Sunil Damania, Chief Investment Officer, MojoPMS feels that a trading approach is less sensible compared to an investment strategy as budget’s impact on market volatility has diminished. While Damania says that the market will be closely monitoring potential changes in the capital gains tax […]
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]