Market Icon Shankar Sharma Explains How LTCG Tax Changes Can Trigger A Bear Market

#modinomics #budget2024 #unionbudget2024 #shankarsharma #fmnirmalasitharaman
In an exclusive round table discussion on Business Today TV, Shankar Sharma expressed his dismay over the recent Budget 2024-25, particularly focusing on changes to capital gains taxes. His response to the significant increases in both long-term and short-term capital gains taxes. Sharma was astonished by the government's decision, especially given the subpar election numbers. He had hoped for stability rather than what he referred to as "tinkering" with tax rates, which in India means a substantial 25-30% change.
Sharma recalled a similar situation in 2018 when long-term capital gains (LTCG) tax was reintroduced after being absent for 11 years, during a period of market stability post-demonetization. This reintroduction, along with the ongoing Securities Transaction Tax (STT), contributed to a bear market in 2018 and 2019, which persisted until March 2020. According to Sharma, it was the Covid-19 pandemic that prevented a prolonged bear market. He emphasized that these tax changes have significant impacts, likening them to an increase in personal tax rates from 30% to as high as 37.5% or 40%. Listen in
#CapitalGainsTax #TaxReforms #ShankarSharma #MarketReaction #LongTermCapitalGains #ShortTermCapitalGains #SecuritiesTransactionTax #BusinessTodayTV #TaxPolicy #ElectionImpact #BearMarket #EconomicImpact #StockMarket #TaxIncreases
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[@SherrodHall-q7]

With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.

[@Peterl4290]

Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.

[@larrypaul-cw9nk]

Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.

[@bobwright-90]

Please can you leave the info of your investment advisor here? I’m in dire need of one.

[@larrypaul-cw9nk]

Annette Christine Conte is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.

[@bobwright-90]

I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly. Lady looks really great though even with the exams and other stuff.

[@SumitPandey-om9nu]

At least someone is speaking the truth and not afraid of the Govt. stick

[@narinderpalsingh5349]

@@SumitPandey-om9nu Yes,,,He is a great personality

[@abc39722]

Why would government attack anyone for criticising tax hikes ?

[@ohagni7234]

@@abc39722 why do you think everyone in tv is only giving 9 or 10 out of 10 to budget while every regular people of criticising it

[@marcos-1210]

Why should anyone afraid of gov?

[@parthapratimroy8282]

Because it's india not America​@@abc39722

[@rohitagarwal8900]

Shankar Sharma is absolutely bang on. LTGS and STGS might have some impact but the lack of Capex infusion will badly affect the market. Inflation numbers reported by the govt are fudged so the interest rate ain't coming down. Chinese govt has given $200 bn subsidies to the EV industry while the Indian govt has given less than $2 bn under FAME. They expect us to compete, ridiculous.

[@rsk_st1294]

And they call Shankar Sharma a bear, I believe the biggest bear is government and SEBI.😂

[@nirajpandey2853]

Mr. Modi and govt. are hell bent to make middle class poor. Well, failed to check black money and imposing tax on 7lacs to live a decent life on 7 lacs this govt should show. Those who are producing 10 kids are given maximum benefit. God save India - oppositions want Bangladeshi, Rohingayas as if we are least populated country in the world. Tax, tax and tax - there should be some threshold where you impose tax on shates and dividend income.

[@next-topgaming]

STCG - 20%. and to that add the ridiculous Security Transaction charges . This means eventually we pay more than 20%. The same is the case with LTCG. Secruity transaction charges should be removed fully. Govt should understand , that people do make a living out of stock market. This kind of tax rates, makes their lives miserable

[@amitgusain9289]

Icon of Brightcom 😂😂

[@sps6]

he lost truckloads of money...made others to invest too

[@user_1abc]

Insider trading and stock price manipulation expert. He was in prison for many weeks for the same. That's why he moved to UAE so that agencies can't investigate him without prior intimation let alone arrest him. Brigtcom probe also revealed that he paid far lesser than the claimed amount. He mostly invests in tiny b-grade companies to rig their price by marketing and market making for a cut is what I've heard.

[@rajankharangate964]

Govt while issuing SG bonds increases customs duty and collects higher sale value, where as before redeeming gold it reduces customs duty and pays less to the seller. This as per my understanding is clearly unethical and illegal and should be challenged in the court. Request Indi alliance to raise this issue on behalf of investors

[@akhandbha]

It is 25 percent hike in ltcg Simply killed our aspirations

[@JohnnyRotten-uf6xw]

This is a more Congress budget. More tax on producers and freebies for leechers.

[@AjitSingh-v2t]

@@JohnnyRotten-uf6xw even Congress party people are saying that budget is copying paste from the Congress manifesto😅 This shows how serious thinking the present government doing on the woes faced by public

[@JohnnyRotten-uf6xw]

@@AjitSingh-v2t You're right. Congress is now presenting budgets with 99 seats. All long-term reforms go for a toss. We have caste-based parties such as Congress and others and religion-based parties like the BJP. What we need now is a class-based party that takes care of consumers, taxpayers and investors.

[@PharmacistAAC]

33.33 percent increase.

[@1976anands]

@@JohnnyRotten-uf6xwBJP willing to lose their voters to gain congress voters…weird strategy.

[@nimkanv]

Investment Announcements made for Bihar and AP are recovered from equity investors.

[@paulhingorani4791]

It is only announcement…and they won’t get more than 5%

[@rbb9369]

RIP Bull run :(

[@narinderpalsingh5349]

😢 All Fund managers are doing afraid to speak truth against government 😢😢😢😢😢 So Sad

[@johnconnor1652]

Yes all so scared to speak their hearts.. we get what we deserve, we voted for this govt now suffer

[@kavitaredkar1818]

Thank you 🙏🇮🇳

[@szhbmsyakdbxgzmsnnnshzn]

I agree 100% with shankar sharma

[@avikasstoriesforkids7466]

My portfolio moved up by 2.2% today. Seems there are no adverse effects of yesterday's budget.

[@michaeljoseph4530]

Broad market nope but heavy weight index yes

[@thenaughtyanil]

Its stock specific movement, overall it's bearish.

[@johnconnor1652]

It's not about ur portfolio, when they can increase by 2.5% , they can increase again upto 40% some day.. one day when we have saved so much and made 1 Crore, we may realise that govt is gonna take 40Lakh out of it 😂

[@rbrfinance]

@@johnconnor1652 Well said.

[@ankitmehrotra8519]

​@@johnconnor1652Not 40 lakh 12.5 lakhs if 1 cr is your profit. 😅

[@manojm5747]

Multiple political parties and competition among them forcing Govt freebies under vote bank politics, ever increasing over population are the root cause of all problems in India. This should be watched by all citizens and addressed on.

[@cooldeva008]

This budget has given an opportunity to the opposition.

[@sps6]

they dont have brain matter to use it...idiot like Rahul who cant understand...any other opposition would have taken government to cleaners for this...look at them..they are just sleeping

[@vishalsaroha1489]

You are right sir the Govt has done it. Anybody not guarding their funds or not questioning , money will be taxed somehow by any Govt. Confidence that Friendly foreign money is on its own can be a misplaced notion despite super liquidity from domestic savers

[@SuperGetoverhere]

Long term sell stocks are mostly reputed large caps and mid caps.. After selling investors gonna Invest in Small cap and Mid cap again in stocks which is not famous as simple. Thats how Market works.

[@Debojit_chanda]

At least Shankar has said something, anchors are just there to give 10/10 is possible.. This is the worst budget given the scenario we are in and the inflation situation in india

[@mohanv88]

Shankar is genuine

[@VidTester]

What would be the LTCG on Debt Mutual funds acquired before 1 April 2023 and sold before Budget 2024 but in the month of April 2024? Will the indexation benefit apply there or will be taxed as per the applicable tax slab?

[@debanujkhound2828]

It will be taxed if you sell it after 31 March, 2024

[@burberry7353]

Shame on Vijay kedia and other big investors who supporting this step... They made their money with zero tax and now become a pure Gobarbhakt

[@aravindhamurthy7128]

They don't have choice

[@sidhantsinghi]

Vijay kedia is a biased investor with zero idea about derivatives and risk management

[@user_1abc]

@@sidhantsinghi He is just Modi govt's chamcha. Just like Ramdeo Motilal. Will praise govt and sell their PR campaigns to retail. Being in modi's good books has its own rewards. No raids, no notices and if you r lucky some govt contracts and loans on reduced int

[@szhbmsyakdbxgzmsnnnshzn]

Worst worst than ever in last 20 years

[@manishlad5221]

Wow! Then you should have been on the panel in the video. How did they miss a person who has studied budget in detail for the last 20 years? I will surely recommend you on the panel committee next to Mr. Shankar. :)

[@venkateshvs2829]

SENSELESS HEADLESS BUDGET .THIS IS THE FATE OF PRESENT GOVT

[@KrishAacharya-vp6il]

I've been making a lot of losses trying to make profit in trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@LucasBenjamin-wm3rd]

I will advise you should stop trading on your own if you keep losing.

[@LucasBenjamin-wm3rd]

If you can, then get a professional to trade for you I think that way your assets are more secure.

[@LucasBenjamin-wm3rd]

I'd recommend Lucy Baldwin. her profit is great even when there's a dip

[@AarushAarav-vx7tx]

I thought I was the only one who knew her well. I guess her reputation speaks for her now...

[@CatherineElena-er4oq]

123k from Lucy Baldwin., looking up to acquire a new House, belssings🥰🥰🇨🇦🇨🇦🇺🇸🇺🇸

[@nagarajbarakam9862]

20 laksh p.a earner where to invest savings. If deposited in Banks your interest income is minus 0.5 % taking into account 5% inflation and 30% tax on interest. So no stopping of investments in stock market or in Mutual Funds, because there are benefit of purchase of house under 54F.

[@stockmarkettipsbykarankapa5172]

Everyone who bought flat in 2004 feels betrayed by the retrospective taxation as Indexation Benefits are gone which buyers in 2004 felt will stay forever or atleast get grandfathered 😊

[@vmmmbm1246]

Some people need to offload assets when funds are reqd for emergencies.please reduce the ltcg and stcg tax rates

[@FXT130]

Third class govt. in history of India.

[@swapandasghose202]

Why these gentlemen are not protesting at appropriate platform against this budget actions? We are not having proper platform to do this

[@singhkulwinder2546]

This budget can give us 5 to 6% gdp growth but not 9 to 10% which is the need of the hour, We have millions of unemployed youth need to get employment at the earliest and before their hairs get grey,

[@deb12337]

Koi Dukhad nehi Achha hai Market ke liye.. Budget is Pro Growth Pro People 🎉🎉

[@mrplayer9316]

But it's anti market 😂

[@rabindrakumar7992]

Don't expenses save money and invest only in quality business for long term.

[@brijesh7]

Shankar Sharma of BCG 😅😅

[@shivamarjunandfaugbatch.449]

Shanka Sharma Sir is right 🎉

[@MrGunaseelanm]

Shankar ji, I was told you're part of BCG, is it true?

[@ohagni7234]

Does it matter. What he's saying right now is true

[@user_1abc]

He is one of the operators in Indian stock markets for the past 25 yrs. He was in prison for riggin/stock price manipulation by colluding with other brokers. Everybody wants to wear the garb of an "Investor." But in reality there are only a handful of genuine investors with analytical state of mind - rest all are like Jhunjhun, Kabra, Parekh, Mehta, Dani, Bang etc

[@sbaskaran7638]

I wish the market call the bluff of Shankar Sharma. All these comments should be preserved and played next year. These PMS/FII guys sitting abroad make such wild comments more as a threat.

[@milanmaheshwari]

I see lot of pessimism on budget and effect of capital gains tax on the market. Nothing will happen to the markets it will keep going up. People spending hours and hours working in factories offices pays full tax and these thieves want tax exemptions on stocks. Is is justice to the people working hard for their two bucks?

[@AlexGame-v3t]

😂😂 … only a dumb person can comment like that … 😂

[@vinayc]

Sleeping partner has finally answered!! She has in fact stabbed the working partner!! This was her answer which she couldn’t give on the stage that day!!

[@ramiahsubramanian4104]

Liquidity alone will decide the market world over!

[@starspectrum6454]

Tat Sat Shankar Sharma. Vinaash kaalin Vipreet Buddhi at work .Hope good sense prevails ji before it is too late.🙏.

[@Swastiktiwari]

BJP to Gayo.... a never come back story of BJP... It was a sucide of Modi future... biggest support comes from Business community and Modi has rubbed them badly...

[@aravindhamurthy7128]

Last 2 years they will do something Puluwama again

[@ohagni7234]

​@@aravindhamurthy71282019 pe hi Modi ko nikal diya jata. Sentiment was worse that time Those tension with Pakistan saved him that time

[@aravindhamurthy7128]

@@ohagni7234 every time something will happen They will make it happen

[@MGTOWTheRationalMensClub]

Tax HIKE for middle class retail investors, tax FREE for Adani, Ambani cartel

[@pardeeptandon]

During the Manmohan Singh decade our SENSEX grew five fold while Modi managed only threefold increase. So Who was better for our market? Which was the boom period?

[@ohagni7234]

That also compare in dollar term. Its even worse

[@syams84]

I always failed to understand congress allegedly did lot of corruption and Modi team is claimed to be corruption free. Where is all the saved money, taxed money gone, given fiscal deficit is the same range over 20yrs?

[@neensatya4]

Removal of indexation benefit is very harsh decision by government,will prove harsh for bjp in votes.... should consider roll back this decision.

[@AbhisheKSamm]

Watch the body language of the hosts closely. How they feel pleased with Shankar's Presence and answers and how awful their faces were when Mr Goenka was speaking. So obvious that More than the participants, The hosts wants the market to fall and they are craving for bear market to happen. Reason? They hate the fact that cash retailers has been earning so much from the bull market. And even after so many attempts Markets don't seem to fall. We all know there will be a time when markets will fall but just because people missed out riding the boat that doesn't mean you would curse others to sink. Story banane ke liye itna bhi niche na giro.

[@venkateshvs2829]

DON'T CALL CHAMCHAS FOR INTERVIEW.. NOTHING TANGIBLE IN BUDGET..EXCEPT JUMLAS IN AIR

[@ganeshr8207]

Its not 20% STCG with cess its 20.8% and wirh surcharge 23%

[@debabratabasu3764]

Budget 2024 in a nutshell Taxes like America Services like Somalia. This Govt should now figure out why they are losing in terms of vote share . But One thing I can say : this Taxation will make India relatively less attractive.

[@papubhuyan]

Anyway this clown would have tried find fault even if it was best budget ever. BJP got reality check that people really don't vote for good work and policies. Had they voted for good work they won't have elected SP and RJD clowns again and again. People don't care about countries' economy, so the government.

[@korapolu]

There is no much difference between "employed" and "un-employed" in these economies. You are employed, take all risks and pay back money earned to Government in different forms of taxes. It seems, it's not far away, that govt. might introduce an additional tax of tax on payment of tax 🙂. Please re-consider and reduce the burden on middle class and salaried or employed and investment class. Feels like un-employed is much better than employed!

[@unboxguru7354]

पैसा रिटेलर लगा रहा है रिटेलर यानी आम जनता आम जनता जब चीटी की तरह पैसा लगाती है तो मार्केट में 25000 का 13 लाख तक पहुंच सकती है😊😊😊😊

[@mathsgpt007]

How many people called at the same time. It this a circus😂

[@shubhamrawat-sj8bo]

Budget has so much more then just Capital gain tax but these media houses love to focus only on one point.

[@pradeepshirur5435]

The market will go down slowly in aug month don't invest now just wait for a few weeks. In options buy only pe trades

[@nagarajrangarej-bc8ug]

Yes because of worst budget. Useless to all

[@p.r.nalini4110]

What if yu give 20℅ SCGT, u r only paying frm profit right? What s d big deal then?

[@MM-xp8vs]

It's no big deal if the government also refunds money collected to those who lost their savings money in the stock market. When you lose, you get no benefit. It can take years to recover the lost money.

[@AlexGame-v3t]

😂😂 … only a fool can say that …. 😂😂

[@parthasarathygovindarajan9004]

This budget justifies the drubbing that BJP got in the recent election and they are going to be routed in UP and Nirmala Sitaraman shall be the sole reason for that

[@two8915]

Many of them trying to bring market down and buy from dip like they did before... 😂😂😂

[@narad8165]

will that lady ever stop interrupting

[@liakatsharique9648]

IN THE NAME OF BUDGET IT IS A STUPIDITY.

[@kiranr7717]

Start of bear market, morethan month ago.

[@Dk-bp1ll]

He is not a market icon, he is a scammer.

[@avimanyupanda]

Anti middle class govt

[@subirranjanghosh7004]

Anti seniors budget.... Don't know how to survive, we the senior citizens....

[@narinderpalsingh5349]

Anti market budget 😢😢😢😢😢 BJP government is killing the middle class 😢😢😢

[@manishlad5221]

How? Please explain.

[@narinderpalsingh5349]

@@manishlad5221 Government is discouraging the investors by Applying both STT and LTCG

[@ganesanjayaraman7850]

Every country imposes Capital gains tax unless they are like cayman island like Tax heavens

[@smart4141]

Shankar Sharma has never spoken positively about the markets. Please check his past interviews. He is the most negative person. This time he may be right but his attitude and vibe is negative as always.

[@szhbmsyakdbxgzmsnnnshzn]

Becasue from last 10 years worst bjp is ruling and worst 10 budgets

[@two8915]

He wants to retailers to sell in panic and they can buy in dip only they want to make money

[@lakshmanankr3945]

@@two8915 he is right this time

[@jitenpatel5225]

Biggest scamsters are these channel people and Biggest of all is these Shankar Sharma....The more you stay from these PEOPLE the better

[@user_1abc]

Very true. He is just another "operator" in the garb of an Investor. Many years ago he was arrested for stock price manipulation and spent more than 2 months in prison for charges of FERA violations and Trading Malpractices.

[@AbhisheKSamm]

Market Icon? 😂😂😂😂😂😂

[@vineeshp6]

😂😂😂

[@manojm5747]

Another chorus raising among people is BJP govt bring back kala dhan stashed abroad is failed and hard pressing with raising tax on citizens of India.

[@ASeeker-9999]

Indian market is very overpriced!! A sell off is coming. Experts having been warning people. Hope regular unprofessional traders be cautious. Government seems to be judging people to invest in safer mutual funds rather than stocks.

[@cashbuyers7650]

LUCY BALDWIN IS FRAUD. I have lost fortune

[@BBIc2]

No education and healthcare facilities for middle class ...... Just tax all over..... Sucking blood of middle-class first Congress now BJP..... We need yogi and annamalai for young aspiration... Modi and shah aapne kafi kiya ab aaram karo

[@ashishvyas5053]

I think, goinka diesn't have any plan for equity buy back for 5 year. Then bye bye govt

[@amilrahman]

Should only call ppl like shankar sharma/ samir arora etc others are too careful in commenting

[@user_1abc]

Samir Arora is a different league. Don't mix him with these "operators."

[@sps6]

people are afraid to open their mouths...this is bad..

[@sanjaybhat3475]

BJP to pay price in upcoming elections

[@nageshdevarakonda5428]

Budget a Red Carpet welcoming a Run Away Inflation soon... 🤔

[@Ram_Laxkar]

He is a prafull billore of Market 😂😂😂

[@JayZee83]

GoenkaJi = Modi ka Tattu . These are people who get the benefits in Modi Budgests .

[@factchecker1662]

Shakshi - When someone is talking seriously - can you please shut up and dont interupt with nonsensencial comments. He just stopped after your interruption. Sad.

[@milanmaheshwari]

What a lousy guy! I would remove all ltcg and stcg benefits. Why do rich have to become more wealthy?

[@AliAkbar-rn3zk]

Andhbhakts in confusion. Whether to cry or praise Modi or pour fake propaganda that minorities getting all benefits!😂😂🤣🤣

[@donchan5874]

Third world mentality deserves a 4th grade budget....call in d east india company...😂

[@saiprasad3408]

Welcome BCG criminal

[@mohanv88]

Anchors, bussiness men, aur karo Hindu-muslim, hindu-muslim

[@fitnessenthu85]

Not sure which world this FICCI guy lives in

[@theotherside2035]

Bull market is Bull shit in India! Make-people-Bakara-expert-analysis!

[@vsmart9]

BJP ka end?

[@szhbmsyakdbxgzmsnnnshzn]

Worst budget

[@manishlad5221]

What makes it worse? Please explain.

[@TheMonoranjan]

@@manishlad5221Only because of LTCG and STCG tax. 😅

[@ayush-jq4uf]

Icon or Fraud Icon

[@sandipmishra1651]

Captain of industry? 😂 Mouse afraid to spesk

[@avinashkumar87478]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂sabka number ayega 😂😂😂😂😂😂😂😂😂

[@bmreddy1092]

😂This budget will give Modi zero MP seats in 2029

[@satyanarayan308]

Modi 3 will finish middle class and India in 5 years 😂

[@mrgz999]

Goenka ha

[@ksssku]

This Shankar Sharma is a nut! Job karke earn kar beta! Stock market mein speculate karke jine ka nahi! 😂 Now Sattebaaz=Jobless!

[@amritpalsinghsahmee]

I DONT EXPECT GOOD FOR MIDDLE CLASS FROM THIS GOVERNMENT. WE PAY INCOME TAX, THEN CAPITAL GAIN TAX AND THEN THERE ARE TAXES ON EACH AND EVERY CONSUMABLE ITEM. FOR THE FIRST TIME I FEEL THIS GOVERNMENT IS WORKING LIKE A PARASITE OF MIDDLE CLASS.