FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and…
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capital gains: Capital gains intact, so what if theyβre taxed a bit higher?
On events such as budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And whatβs that sanity? In my view, it is…
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Sensex falls 1,500 points intraday, closes flat; caution over valuations
India’s equity benchmarks ended flat on Tuesday following a roller-coaster session as investors took concerns over the increase in taxes on stock market transactions in their stride. The Nifty ended 0.12%, or 30.20 points, lower at 24,479. The Sensex declined 0.09%, or 73.04 points, to 80,429. Money managers said the undertone will remain cautious owing…
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Boost to entrepreneurship, bid to curb speculation a hard balance
Every year, I look at the budget for two things: what it means for our capital markets, and what it means for our entrepreneurial ecosystem. On these fronts, the budget brings both good and bad news. In a way, the Economic Survey set the stage for some of the changes in the budget. The publication…
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