Markets▲ Positive
LTCG tax cut alone won't lure FPIs, says Bernstein; Nifty target cut to 25k
· Business Standard Mkts
A sharp 1-2 day market rally that an LTCG cut would trigger may actually be used to offload positions, Bernstein said in an October 19 note.
Key facts
- Dates in focus
- October 19
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- A market-wide development: it reaches beyond any single stock.