Surendra Goyal of Citi says in the run-up to the Union Budget, MSCI India is up 3 percent in 2017 so far, with expectations of a tax-payer friendly Budget to boost consumer sentiment post demonetisation.
Any change in long-term capital gains tax exemptions for equities needs to be watched out for, he feels.
Beyond the Budget, GST will remain a key investor focus for 2017, he says.
Finance Minister Arun Jaitley will present Union Budget in parliament on February 1.
Goyal forecasts 15/18 percent earnings growth for Sensex/Nifty in FY18 and remains constructive with Sensex target of 30,000.
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