FPIs will see a positive impact on LTCG surcharge rollback stock markets on surcharges and stocks

Mumbai, Ta. 23 August 2019, Friday

Sentiment in Indian stock markets is expected to improve again as Finance Minister Nirmala Sitaram is forced to withdraw this provision after the FPIZ-Foreign Surcharge was imposed in the Budget on July 9, the last day.

In addition, the decision to provide necessary capital for banks and encouragement to enterprises in the coming days or next week, along with the relaxation of GST rates, is likely to trigger the boomfishing of funds in stock markets.

The Finance Minister has been forced to announce the withdrawal of surcharges on Long Term and Short Term (LTCG) equities on Friday evening with the announcement of withdrawal of additional surcharges imposed on FPIZ-Foreign portfolio investors and on local investors. Both of these factors will remain undoubtedly positive for the market.

With the removal of foreign investors, the finance minister may have corrected his mistake today by selling off his funds in the Indian stock markets. Is.

So, these decisions are likely to open the gap in Indian stock markets in the coming weeks. The Singapore Nifty, which was as positive as 3 points in the afternoon, was showing a sharp rise of 5 points in the evening after the rollout was announced by the Nona minister. In the meantime, negative news has come up with this on the international front again today.

In this trade war between the US and China, China's decision to impose new tariffs on US $ 2 billion in goods, from September 7, and to impose a 5 percent tariff on all US vehicles imports from December 1, December 8, may have to exacerbate the global environment. Will remain.