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Shares bought on January 31 cannot be sold on the Budget day. Here's why

NSE, BSE to conduct a special trading session on February 1; settlement of trades on February 4

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Photo: Kamlesh Pednekar

Nikita Vashisht New Delhi

3 min read Last Updated : Feb 01 2020 | 8:33 AM IST

Finance Minister Nirmala Sitharaman is set to present the Union Budget for FY21 on February 1 amid expectations of relaxation in Long Term Capital Gains tax and Dividend Distribution Tax. Market regulator, Securities and Exchange Board of India (Sebi), has allowed the National Stock Exchange (NSE) and BSE to conduct regular trading on Saturday, February 1.

ALSO READ: LTCG removal, fiscal prudence: What brokerages want from FM this Budget?

According to the notice issued by the exchanges, trading will begin from 9:15 am, and will last till 3:30 pm. Pre-opening orders will be placed between 9:00 and 9:08

Topics : Long-term capital gains tax, or LTCG Short-term capital gains tax (STCG) Dividend Distribution Tax (DDT) Divestment or disinvestment Revenue Income tax Revenue Budget Budget 2020 Sensex Markets Securities and Exchange Board of India Markets NSE

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