Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura

July 25, 2024

Investors’ faith fueled Dalal Street’s high valuation multiples, but Nomura cautioned on potential headwinds if domestic equity flows drop due to tax hikes. Nomura’s 2024 Nifty target sees little upside. Key stock picks include SBI, ICICI Bank, and others. Sectors like housing, cement, and solar energy may benefit from budgetary changes.

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Capex stocks face valuation hurdle despite growth potential: Manish Sonthalia

Manish Sonthalia of Emkay Investment Managers highlights the impact of macroeconomic changes on India’s market, particularly regarding de-dollarisation and fiscal policies. He notes the benefits

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‘On the edge…’: What social media conversations reveal about the current market mood

Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions.

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