Volatility in the Indian markets may continue for some time due to global reasons, but there are no issues of concern for investors in terms of safety and security of the Indian marketplace, Sebi chief Ajay Tyagi said on Saturday.
In the wake of concerns raised in some quarters about the re-introduction of long-term capital gains tax (LTCG), as proposed in the Budget 2018, Tyagi said the Securities and Exchange Board of India (Sebi) has not received any representation from investors so far against this.
He, however, said it will be wrong to say long-term capital gains tax will have no impact at all on Indian markets. But, any such impact would be small and the global factors pose bigger risks, Tyagi added. When asked about the timing of imposing the LTCG, Tyagi said it was an opportune time as markets were booming.
Finance minister Arun Jaitley, on 1 February, had proposed to tax LTCG on equities exceeding Rs1 lakh at 10%, which is expected to bring in a revenue of Rs20,000 crore.
Speaking about the markets, Tyagi said that volatility in Indian markets may continue for some time due to global reasons like the healthy US job markets numbers. Indian stock markets have been falling in the last few trading sessions, which experts attributed to global worries.
The Sebi chief said that the government’s proposal to mandate listed companies to raise 25% funds via corporate bonds is a good step and the detailed rules will come out by September.
In this Week - We are discussing an One more Alternative in Index.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price may test the below trend line any time - Possibly.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Possible rally till 10530 - 10615 - 10730 if the Given support holds.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
On a Larger Picture - BN if breaks below 25K may see another Deep correction of 1400 Pts.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Possibly may test 25660 - 25750 - 25840 if holds the support as given on chart.
>>> STAR - Booked Profit Rs.30,000/- <<<
>>> Click the chart to see on full screen <<<
Booked Profit Rs.30,000/- on STAR.
>>> N4A - Whatsapp <<<
