A jittery Dalal Street cautious ahead of an eventful week

Morgan Stanley said any tinkering with long-term capital gains tax (LTCG) on equities – either an increase in the investment duration, to qualify as long-term, from 12 months to two or three years, or raising the effective tax rate to 15%, from 10% currently – will result in investors becoming more risk-averse when it comes to equities.

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