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THIS tax tweak to trigger stock market crash? Jefferies' Chris Wood's BIG PREDICTION ahead of Budget 2024 https://t.co/owG7rRmnjX
#OnCNBCTV18 | Banks & FMCG have underperformed markets for a long time, FMCG should start outperforming markets in near term ‘Tax should incentivise the right kind of investments. Long term equity investing ensures retirement security’ #NileshShah, Kotak Mahindra Asset… https://t.co/6AdTOdwKLR
#MarketsWithBS | Christopher Wood of @Jefferies suggests #India is still in the early stages of an equity cult despite recent rallies. Any changes to capital gains tax in #Budget2024 could trigger a significant market correction, potentially bigger than the post-#LokSabhaelection… https://t.co/PEiGfwRrMB
Christopher Wood, a strategist at Jefferies, has indicated that India is still in the early stages of an equity cult despite recent market rallies. He cautioned that any changes to capital gains tax in the upcoming Budget 2024 could lead to a significant market correction, potentially larger than the downturn seen after the Lok Sabha elections. Additionally, Nilesh Shah from Kotak Mahindra Asset Management noted that banks and FMCG sectors have underperformed the markets for an extended period, but he expects FMCG to start outperforming soon. He emphasized that tax policies should encourage the right types of investments, highlighting the importance of long-term equity investing for retirement security.