Monday, December 26, 2016

Narendra Modi's statement spooks stock market.

PM made a statement on Saturday that those who make money from securities market should contribute more to the exchequer. Due to demonetization the market had lost more than 5 percent in the last few weeks. The Saturday's statement further derailed the Sensex which lost 234 points in today's trading. This is despite Arun Jaitley clarifying that there are no proposal increase long term capital gain tax on stocks.

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