Morgan Stanley said any tinkering with long-term capital gains tax (LTCG) on equities – either an increase in the investment duration, to qualify as long-term, from 12 months to two or three years, or raising the effective tax rate to 15%, from 10% currently – will result in investors becoming more risk-averse when it comes to equities.
F&O Talk: Nifty’s bullish structure intact after best week in 5 years; Sudeep Shah on HDFC Bank strategy, picks 5 stocks this festive season
Nifty surged 8% to post its strongest weekly gain in five years, supported by improving technical indicators and bullish momentum. SBI Securities’ Sudeep Shah discusses