No amount of good news over the last 18 months has helped in markets going up. Is Government finally looking at some tax tweaks to help improve market sentiments and thereby, stop capital outflow from FIIs?
Low hanging fruit to help boost some sentiment and stem the fall in rupee in my view.
But considering that the trader and investor sentiment is so fragile, It seems like a positive development half of fintwit is excited, half are skeptical
Pretty sure govt will take notes of all the traders comment and make sure nothing like that is ever done, pretty crazy would be do the exact opposite
Then come up and say this is all to protect traders since 99% lose money in F&O and blah blah
In the current scenario it does it help the Govt in any way ?
As they are already burdened due to crude prices. They might want all the tax money they can get right now.
Will FIIs come back and invest in Indian markets if taxation is eased.
May be. The FII money coming back would be an incentive as that will help push up the value of rupee.
But I doubt it will happen before the crazy AI rally ends.