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With the economy likely to grow at a nominal growth of between 15-16 per cent, the tax revenue increase of 16.7 per cent appears fairly achievable
Beyond a point, investors will get used to paying 10% as LTCG. Logically, the finance minister should have made Securities Transaction tax (STT) as a cost
Many brokerages have raised their Sensex target to 30,000 by the financial year end
We believe the markets will continue to go higher through the year and should give another 11% return by the year end, with the Sensex touching 27,000 levels