NEW DELHI: Dalal Street on finances day took the LTCG tax hit in its stride, but not ahead of tanking heavily in mid-day industry.
30-share BSE Sensex closed on 35,906.66, down by means of 58.36 points whilst the broader 50-share slipped 10.86 points to complete on 10.80 points.
The finance minister Arun Jaitley in Budget 2018, brought back Long-term Capital Gains Tax (LCGT) on equities. Any longer term capital gain on equities exceeding Rs 1 lakh will now be taxed at 10% without indexation get advantages.
Sensex slipped as much as 464 points to hit the intra-day low of 35,501.74. Nifty too tanked about 150 points.
However, FMCG and auto shares carried out smartly to get the markets out of bother.
30-share BSE Sensex closed on 35,906.66, down by means of 58.36 points whilst the broader 50-share slipped 10.86 points to complete on 10.80 points.
The finance minister Arun Jaitley in Budget 2018, brought back Long-term Capital Gains Tax (LCGT) on equities. Any longer term capital gain on equities exceeding Rs 1 lakh will now be taxed at 10% without indexation get advantages.
Sensex slipped as much as 464 points to hit the intra-day low of 35,501.74. Nifty too tanked about 150 points.
However, FMCG and auto shares carried out smartly to get the markets out of bother.
Markets tank intra-day on LTCG tax, then recover to end rangebound
![Markets tank intra-day on LTCG tax, then recover to end rangebound]()
Reviewed by Kailash
on
February 01, 2018
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