In an interview with MintGenie, Apurva Sheth noted that any increase in taxes related to the capital markets like STT, Capital Gains, etc. can lead to a negative impact on the markets. A reduction in capex or defence outlay could hamper the current momentum in the markets, added Sheth.
In December, FPIs bought shares worth more than Rs 58,498 crore, the highest purchase by them in a month since November 2020. In November 2020, they had bought shares worth Rs 70,896 crore.