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Monday, 8 January 2018

Sensex turns flat after hitting new high, Nifty above 10600

Bank Nifty Futures, Closing Bell, equity tips, Free stock cash, Indian Stock market, share market tips, stock market live,
Benchmark indices pared gains after hitiing record high as investors remain wary ahead of  earnings and upcoming Budget

Meanwhile, Asian shares that edged higher on Tuesday, approaching record highs after the S&P 500 extended its winning streak, while the dollar steadied against its major counterparts.


Back home, the finance ministry is considering extending the holding period for short-term capital gains (STCG) tax on listed securities from one year to three years, bringing equities on a par with some other asset classes in tax treatment. This is among a number of measures for the capital markets that may be announced in the Union Budget for 2018-19.


The STCG tax on stocks and mutual funds is 15% at present. Listed securities held above a year do not attract any tax. 


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