Why FII's are worried about Minimum Alternative Tax (MAT)

A key reason for recent market correction is the issue about Minimum Alternative Tax (MAT), which has worried foreign investors for some time now. FIIs are one of the biggest players in the Indian market. So, their stock trading affects the overall market directly. Worries about the MAT issue, however, have limited FII participation in the markets and have selling heavily in cash market  in

Posted in: Technical Analysis