Neutral impactCorporate Action
'AI-trade' bust will aid India only partially; don’t tweak LTCG, says Madhavi Arora of Emkay Global
Mint 1 hr ago·23 Oct 2026, 2:31 am
A recent market commentary suggests that while a reduction in Securities Transaction Tax (STT) for cash-market trades could improve liquidity, it would not be a silver bullet for India's stock market. The view is that such a move might lower friction for investors, but it would not significantly boost the broader market or justify a change to the Long-Term Capital Gains (LTCG) tax structure.
This perspective is important for investors as it highlights the difference between fine-tuning market mechanics and addressing deeper structural issues. While a lower STT could send a positive signal to global investors, the core of India's market appeal remains tied to its long-term growth story rather than short-term tax tweaks.
Key takeaways
- Category: Corporate Action.
Why it matters
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