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Sensex ends marginally lower, Nifty holds 11000 as LTCG tax proposed

SI Reporter/New Delhi 01 Feb 18 | 03:31 PM

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Benchmark indices Sensex and Nifty ended marginally lower after Finance Minister Arun Jaitley proposed a long-term capital gains tax.

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Budget 2018 has proposed to levy long-term capital gains tax (LTCG) of 10% on gains exceeding Rs 100,000 from sale of equity shares. However, capital gains made on shares until January 31, 2018, would be grandfathered, the finance minister said. Also, there has been no change in the definition of short-term capital gains tax (STCG). 

Signalling, that fiscal prudence has gone off track, Jaitley proposed a fiscal deficit target of 3.3% of GDP for 2018-19. The target he had set for 2018-19 last year was 3%.   

This year's budget focussed more on rural and agri economy. My government is committed to the welfare of the fares. Agriculture is an enterprise and encouraging farmers to earn more," he added.

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Sensex

Company Price Gain (%)
O N G C175.354.59
Tata Steel567.203.43
Yes Bank339.452.71
Adani Ports379.902.34
IndusInd Bank1,914.752.33

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