Capital gains tax and STT hikes leading to market hangover; more steps to speculation expected: Vijay Kedia

Vijay Kedia, MD of Kedia Securities, discussed the 12.5% LTCG tax, SEBI’s speculation curbing, and hike in STT . He finds these changes reasonable and expects market corrections. The initial reaction settled quickly, suggesting market acceptance. Short-term holdings minimize the impact, while Budget clarity and ongoing corrections are expected. He says these were bound to come.