Quote on Market 23 May 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Market 23 May 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
“US Investors have been carefully watching events in Washington for months now. This morning represented another peak in the action, when the House of Representatives just barely passed President Donald Trump's mega tax and spending bill. The vote was 215-214.
The House bill comes to more than 1,100 pages, but there are key items that will be of note to investors, including a continuation of 2017 tax cuts, higher estate-tax exemptions, tax breaks for tips, tax-advantaged accounts for children under 8, and an increase in state and local tax deductions.
Nifty 24609.70
Close above 24750 will reverse the short term bearish trend.
24462 yesterday low will be an important support going ahead.”
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