Markets may consolidate at current levels; it will be business as usual from tomorrow: Sunil Singhania

We started with no expectations in terms of changes in capital gains and therefore, this small increase in capital gains tax is definitely not welcome. And the other thing is, there are some uncertainties regarding the buyback tax. Obviously, STT has got increased. I am hoping that it is only for speculative transactions, not for delivery transactions, because the whole purpose of STT was in lieu of capital gains tax.