Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities after record outflows. Banks, Reliance Industries, utilities and real estate stocks could be the biggest beneficiaries. Here’s where foreign investors are positioned and what a tax cut could mean.
Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities after record outflows. Banks, Reliance Industries, utilities and real estate stocks could be the biggest beneficiaries. Here’s where foreign investors are positioned and what a tax cut could mean.
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A potential cut in India’s long-term capital gains tax (LTCG) could offer foreign investors a reason to return to a market they have steadily abandoned, with banks, energy companies and other largecaps positioned to benefit the most, according to Jefferies.The brokerage said an equity LTCG cut could improve foreign portfolio investor sentiment and support both Indian equities and the rupee, even as the government weighs the revenue loss against the need to make Indian markets more competitive.“…
