A hike in short-term capital gains tax to 15 per cent will take Sensex below 7,000
Kiran Malini
Feb. 29, 2008

Finance Minister P Chidambaram announced a hike in short-term capital gains tax to 15 per cent. This is a severe blow to the weak Indian stock market. The market players are worried about the future prospects of the Sensex.

The analytical models point to the fact that tax increase will severely effect Sensex performance. The stock market crashed within minutes of the announcement.

A hike in short-term capital gains tax to 15 per cent will take Sensex below 7,000
Kiran Malini
The analytical models point to the fact that tax increase will severely effect Sensex performance. The stock market crashed within minutes of the announcement.
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It is a political budget from Chidambaram but has provisions for the poor and those who need help
Babu Ghanta
The budget in general announced a waiver of agricultural loans to the tune of Rs 60,000 crore. It raised the income tax exemption threshold to Rs 1,50,000.
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A secret deal between India and Russia for the aircraft carrier Gorshkov
Anil Rane
India finally agreed to pay more to secure the aircraft carrier Gorshkov. The Indians and the Russians keep the exact deal secret.
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Commodities trading in Bombay Stock Exchange can open up Indian futures market to the world
Syndicated Correspondence
Ahmedabad-based National Multi Commodity Exchange (NMCE) and the Bombay Stock Exchange (BSE) are getting integrated to open up Indian commodity markets.
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Uttar Pradesh Government goes after Indian oligarch, largest sugar producer for non-payment of last season’s sugarcane price to farmers
Sushila Verma
In a historic move, the Mayawati Government stood up against the influential and powerful Indian oligarch. The Indian oligarch owe Rs 300 crore to the farmers and there are no signs of any payment.
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Banking stocks lead sensex down in the vicious bear market
Prithiv Patel
They blindly followed the American ‘mantra’ without realizing that in recent days people with less than average IQ run western financial institutions.
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India in massive bear market – Sensex closes at 17,734.68
Babu Ghanta
Some analysts point to severe domestic inflation that was suppressed by artificial price control over the petroleum products can explode into hyperinflation as crude oil decides to move into $100+ territory.
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Sensex moves down with a sharp reversal ready for the next leg of the bear market
Preeti Singhani
The index had gained around 1,500 points in the last three trading days last week – a clear indication of a bear market rally.
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