Indian brokerage stocks down after govt hikes capital gains tax

Motilal Oswal Financial Services

23/07/2024 08:26

** Indian brokerage firms Paisalo Digital  PISA.NS , Motilal
Oswal Financial Services  MOFS.NS , Angel One  ANGO.NS  and IIFL
Finance  IIFL.NS  fall 2% to 4%
    ** As part of federal budget, Finance Minister announces
increase in tax rates on short-term equity investments to 20%
(up from 15%) and on long-term investments exceeding 1 yr to
12.5% (up from 10%)

    

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.das@thomsonreuters.com))