LTCG ‘Bomb’ in FM’s budget was a boon in disguise as the crash in stock prices brought some sanity in the overheated markets. There was a bubble building up in operator driven stocks which had run up substantially and the steep fall has saved more losses to investors as the frenzy in such stocks ended after budget was analysed by the experts. Taxes build nations and ‘LTCG’ is a tax on incomes which should be welcomed by all. One lakh cushion or call it exemption on long term investment, was a welcome thought by FM to protect small investors for which he deserves applause.
Long term India’s growth story is intact and every fall in stock prices is good opportunity for investors to buy quality stocks for medium to long term investments. Buy when everybody sells and vice versa is a golden rule in stock markets to make money which needs to be followed by all with discipline. Crude shock in oil prices should ease with time and investors should look forward to decent gains from the markets in the coming years!
(The views expressed by the author in the article are his/her own.)
