BusinessPhoto: Aaj TakSEBI Proposes Removing LTCG Tax to Boost Indian Markets
On Monday, the Indian stock market surged with the Sensex rising 1,233 points to close at 75,692.78, driven by improved global sentiment and strong domestic corporate results. A key factor behind this rally is SEBI's proposal to the government recommending the complete removal of the long-term capital gains (LTCG) tax on foreign investors. This suggestion comes amid preparations for the upcoming central budget in February. Foreign investors have withdrawn about $31 billion from Indian equities this year, causing market pressure and rupee depreciation.
Aaj Tak·



