"Treatment of STT as per the erstwhile procedure of rebate in the tax payment can be a major market moving step as this will help in increasing the trading volume giving more depth to the market and the arbitrage activity," SMC Capitals equity head Jagannadham Thunuguntla said.

1. Markets eye proactive measures from Pranab: Experts
Press Trust of India
Tuesday, May 26, 2009 (Mumbai)
With Pranab Mukherjee on Monday taking charge as the Union Finance Minister, the market is expecting proactive
measures to boost trading sentiments.
Experts are of the view that market would now wait for the Budget to give their thumbs up or thumbs down to the new
minister.
Among other things, the treatment of security transaction tax (STT), increase in the individual tax bracket and
alteration in market timings are some key issues, that can help boost investor trading sentiments, experts opined.
quot;Treatment of STT as per the erstwhile procedure of rebate in the tax payment can be a major market moving step as
this will help in increasing the trading volume giving more depth to the market and the arbitrage activity,quot; SMC
Capitals equity head Jagannadham Thunuguntla said.
Mukherjee on Monday took over as Finance Minister and held meetings with top ministry officials to deliberate on
various issues faced by the economy as well as the forthcoming Budget. Marketmen further believe increase in tax
payment bracket would indirectly help the domestic equity market as people would have more money to spend, which
will eventually help the consumption-driven market.
quot;The budget deficit is very high and market would look at what step the government is taking to minimise that,quot;
Taurus Mutual Fund Managing Director R K Gupta said.