Financial Sector is extremely vigorous platform in the present era. Our industry expects supplement growth in terms of sustaining economy. The year’s Union Budget policies, regulations and tax Structures must favor the Market to increase the investment and trading in Share Market. Financial Sector Expects supplements growth 12 March 2012.
The budget through which government can showcase its efforts for the growth of the economy as the next budget 2013 - 2014. The way Indian growth has moderated in the last one year; it has become imperative for the government to show its will and unveil pro-growth policies to stem the moderation and lay the foundation for the next phase of the growth. That is what investors and the markets are looking forward to.
In order to revive and upbeat the participation of the retail investors, Industry expects Budget 2012-2013 to deliver some revisions that can act as the risk premium for traders and investors. Removal of the Securities Transaction Tax (STT) on equity trades will prove to be one of such measures. It would revive the intra-day trading by reducing the transaction cost. The measure is likely to boost the confidence of retail investors and stimulate healthy speculative activity which is the need of the hour.
For long term and risk averse investors, Budget is likely to bring down the lock in period for fixed deposits of up to Rs. 1 lac that are eligible for tax deductions under Section 80C of the Income Tax Act, to three years from the current five years. Fixed Deposits that currently give returns of 9% or more, with the reduced lock in period would become equally attractive as equities for long term investors. This move is likely to strengthen the negative market sentiments as instead of the capital markets liquidity would be directed to the deposits. But in literal sense the measure for FDs is likely to have a tepid impact on the market as the traders and investors with the risk appetite may still not get allured by the deposits.
About CapitalVia Global Research Limited:
CapitalVia was founded by Rohit Gadia in 2008, and he started CapitalVia from a team of just six and now his company employs 500+ employees. “CV” is a pure play research company focusing on Technical Analysis that provides real time financial markets recommendation to its customers for intra-day and short term trading on real time data. CapitalVia has grown manifold in last three years delivering returns. The male/female ratio of the company is 45:55 and the company has one of the best and largest experienced and professional research and analysis team.
CapitalVia's core competency is technical research. It uses state-of-the-art tools and indicators such as Bollinger Bands, Moving Averages, Directional Indicators, MACD, RSI and Stochastic, besides live feeds from Bloomberg and Reuters. The research team also carries out fundamental research related to the economy, industry, markets and companies.
CapitalVia's core competency is technical research. It uses state-of-the-art tools and indicators such as Bollinger Bands, Moving Averages, Directional Indicators, MACD, RSI and Stochastic, besides live feeds from Bloomberg and Reuters. The research team also carries out fundamental research related to the economy, industry, markets and companies.
