Why Markets Fall After Finance Minister Hikes Capital Gains Tax STT

By : 5paisa, 29 July 2024

On Tuesday, Indian markets plunged to intraday lows.

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The market responded to Finance Minister Nirmala Sitharaman's statement of STT in the Union Budget 2024.

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The government has increased capital gains tax (STT).

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The Nifty 50 fell 353.10 points, or 1.44%, to close at 24,156.15.

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The BSE Sensex lost 1,058.98 points, or 1.32%, to 79,443.10.

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The Nifty Midcap index fell more than 3%, or 1,891.32 points, to 54,733.50.

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