UNCULTURED TRADER

FM meets capital market participants ahead of budget 2024

- Industry suggested to divest some stake in low float PSU stocks and also said they are seeing valuation bubble in some cases (low float PSUs). - Also suggested to increase STT on HFT/algo based hedge funds and levy higher STT on big F&O traders with turnover of >₹1,000 crore. - Also suggested to create barrier for retail from excessive F&O speculation and losses.



FM meets capital market participants ahead of budget 2024

- The industry suggested selling some stake in low float PSU stocks and also said that they are seeing a valuation bubble in some cases (low float PSUs). - Also STT increase on HFT/algo based hed

1.5% UP ✅

Booked 50% & Move SL To Cost 👀

F&O transactions may attract higher tax rates - Govt planning to bring F&O income into “speculative income”. It is considered as “business income” as of now. - Speculative income means we have to pay straight 30% tax on the gains. It also means that losses from F&O can only get offset against gains from F&O. - As current practice, we can offset F&O profits with losses arising from other business and vice versa. - Govt could also introduce TDS (Tax deductible at source) on F&O transaction.

Added 👀

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#NmdcSteel Looking good For Investing Purpose ✅

#MDT Looking Good 👀

Booked 60% , Rest 40% Hold with cost sL

Approx 10% UP , Booked 50% & Move SL To Cost 🔼