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Budget offers tax balm, Sensex shoots up 486 points

Budget - Dated:- 2-2-2017 - Mumbai, Feb 1 (PTI) A focus on fiscal discipline and clarity on FPI taxation as reflected in the Union Budget came as music to investors' ears, with the Sensex leaping nearly 486 points on Wednesday to close at an over .....

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the capital market. Additionally, Finance Minister Arun Jaitley proposed that category I and II foreign portfolio investors (FPIs) should be exempted from taxation on indirect transfers, which made investors a happy lot. Both key indices Sensex and .....

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ng and closed higher by 485.68 points, or 1.76 per cent, at 28,141.64. This is its highest closing since October 24 last year when it settled at 28,179.08. It had shot up about 504 points intra-day. The broad-based Nifty was also on the upswing and r .....

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ng-term capital gains tax on equities has lightened investors' fears on transaction cost. The budget has given a positive momentum in the market, the focus of which was to reduce fiscal deficit to 3.2 per cent of GDP in 2017-18. Infrastructure de .....

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tion as well as buying levels and expansion in the sector by increasing to 50.4, from 49.6 in December. Shares of state-run banks such as SBI, Union Bank of India, Bank of Baroda, PNB and Syndicate Bank hogged limelight and climbed by up to 5.64 per .....

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to affordable housing to encourage investment and offered tax sops for developers sitting on completed unsold inventories, which triggered buying in realty stocks. DLF, Godrej Properties, HDIL, Oberoi Realty, Prestige Estate Projects, Sobha Ltd and .....

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