BT BIG STORY: Can scrapping LTCG tax bring foreign investors back to Indian equities?
· Business Today Mkts
With FPIs pulling out record sums and the rupee under pressure, market experts argue that removing the capital gains tax could make Indian stocks more attractive. But will a tax tweak be enough to reverse the exodus?
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- A market-wide development: it reaches beyond any single stock.
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -8.9% · 3M -6.2%
Capital Markets
1M +2.6% · 3M -2.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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