Image Source : FILE Stock markets update for July 24.
Stock markets update: The recent budget announcement to increase the short-term capital gains tax on share sales from 15 per cent to 20 per cent and the long-term capital gains tax from 10 per cent to 12.5 per cent is still evident in the stock market today. After closing in the red on budget day, the market opened weak again on Wednesday.
In the early trade, the 30-share BSE Sensex fell 117.20 points to 80,311.84 points. Similarly, the NSE Nifty declined by 35.75 points to reach 24,443.30 points. Meanwhile, market experts indicated that if the market continues to weaken, a significant decline could occur.
More details to be added.
