RIL Shares Rally on Sebi's LTCG Tax Rollback Proposal
Reliance Industries (RIL) shares surged, marking their biggest intraday rise since April 2020, driven by optimism over Sebi's proposal to rollback long-term capital gains (LTCG) tax for foreign investors. Sebi also suggested LTCG exemption for mutual fund investors reinvesting proceeds. Experts say tax cuts help but earnings growth, valuations, and currency stability remain key for attracting foreign capital. Nifty 50 closed 1.68% higher on Monday.
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