28% of total FII holding at risk; new Mauritius tax treaty is not that bad; this market is for long-term investors

ET Markets Daily Brief | Wed, May 11, 2016 | 04:42 PM IST Follow ET Markets

Stocks with high FII stakes take hard knock, 28% of total FII holding at risk Under the revised tax treaty, capital gains made on the purchase of Indian stocks by FII accounts in Mauritius will be taxed from April 1, 2017. No, new Mauritius tax treaty is not that bad; FIIs will be grandfathered The stock market nosedived in opening trade reflecting the fears on Dalal Street. Here are the key takeaways for investors from the revised tax treaty. Here's what happened on Dalal Street all through Wednesday If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. That's probably the reason why you are on this page, where we try to capture every action -- big or small -- from the listed universe of India Inc; be it largecap, midcap or smallcap.

Interview One to One Rakesh Jhunjhunwala says Mauritius treaty will be forgotten tomorrow and in time, Indian money will outnumber foreign... Rakesh Jhunjhunwala , Rare Enterprises

Advertorial आपको सिंगल प्रीमियम लाइफ इंश्योंरेंस के बारे में जो कुछ पता होना चाहिए एक बार में बीमा पॉलिसी खरीदने के साथ खत्म करना चाहते हैं क्योंकि आपके पास कुछ पैसे बेकार पड़े हैं? तब तो सिंगल प्रीमियम इंश्योरेंस पॉलिसी आपके लिए सबसे उपयुक्तप चीज है।

Market Watch 11 May | 04:42PM| SENSEX NIFTY USD/INR GOLD 25597.02 ↓-175.51 7848.85 ↓-38.95 66.60 ↓-0.08 30006.00 ↑223.00

Gainers Losers 11 May, 2016, 04:42PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Country Condo's Ltd. 4.80 20.00 53416 4.80 4.50 Huhtamaki PPL Ltd. 277.40 19.98 116966 277.40 246.00 Store One Retail India Ltd. 106.00 19.98 884241 106.00 92.80

Tweet of the day... F&O view: Fresh Put writing at 7,600-7,800 to cushion any fall

FROM THE NEWSPAPER

Don't miss the bus on D-Street, this market is for long-term investors Making money in market is not easy, and at times even most seasoned traders get it all wrong. Sensex and Nifty are down 2%. Here's what you should do. Good, bad or ugly! Mauritius tax pact bad for short-term investors For the benefit of investors, the protocol provides for grandfathering of investments as the new regime will apply to shares acquired on or after April 1, 2017. Who gains, who loses in new tax pact with Mauritius? Will FIIs run away? India and Mauritius have signed a protocol amending the double tax avoidance arrangement. The protocol is the outcome of an extensive negotiation process . Top D-Street analysts banking on earnings growth to lift Sensex Most analysts think a bounceback in earnings growth can act as the next big trigger for the equity indices to go higher amid the global imponderables. Impact of drought on economy pegged at Rs 6,50,000 crore The impact of drought is likely to remain for at least six months more because one needs resources and time to revive the activities on ground.

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