It is the tax paid on revenue generated by an asset such as real estate, shares or share-oriented products held for a longer time than 12 months before it was sold. The definition of Long-term Capital Gains, or LTCG, is different for various products.
In May 2017, the Narendra Modi government completed 3 years in power, Indian stock markets have been largely on an upwards march, with benchmark indices Sensex and Nifty currently hovering around record highs.
Last Thursday, the Nifty broke out of the 7971 level decisively on a Daily and Weekly chart (as shown by Auto-Support/Resistance blue lines in the chart below). The rise in volume on the breakout is clearly visible on a Daily chart, and is clearly a good sign that the rally is backed up by strong volume, and hence has a good chance of success. Continue reading →