Stock Market Sell-Off Highlights: Sensex Slides 1,547 Points, Nifty 50 Dips Below 24,900 on STT Hike Concerns

Indian Equity Market Update: Indian equity benchmarks witnessed a sharp and volatile session after the Union Budget announcement, as the proposed hike in Securities Transaction Tax (STT) unsettled market participants. The Sensex tumbled 1,546 points to close at 80,722, while the Nifty 50 declined 1.95% to end at 24,825. Following the STT proposal, selling pressure intensified, with the Sensex plunging as much as 2,370.36 points (2.88%) intraday, slipping below the 80,000 mark to touch 79,899.42 during afternoon trade. Investment in securities market are subject to market risks. Read all the related documents carefully before investing