Budget causes significant volatility :
Nifty holds 11000 levels;
PSU Bank down more than 2%;
A 10% tax on long term capital gains has been proposed by the budget.
Professionals, salary earners and Business people pay a tax on their income which is as high as 34%.
- Intraday Low – 10715.70
- Intraday High – 10781.70 Closed – 10742.50 Gain – 60 Points
Stock Market – Spot Price (Nifty : 11019.50, Sensex : 35907.60)
Bank Nifty View :
- Opened – 27335.80 with a gap down of 60 Points.
- Intraday Closed – 27190.30 Loss – 130 Points
Trades in Future Segment :
This material is for information purposes only and should not be constructed as an offer or solicitation of an offer to buy or sell any securities.