As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava
According to Rohit Srivastava, the Indian market is experiencing sector rotation, ensuring upward movement after consolidation. Financials, especially NBFCs, are leading the rally due to