2024-07-24 07:42:26
New Delhi: When Finance Minister Nirmala Sitharaman was presenting the budget on Tuesday, the stock market was moving in the opposite direction. As the speech of the Finance Minister progressed, the market kept falling. As soon as the budget ended, the stock market crashed and it fell by about one thousand points. Actually, the Finance Minister announced in the budget that Security Transaction Tax (STT) will be increased in Futures and Options (F&O). STT will be increased from 0.0125% to 0.02% in futures, in options it will be increased from 0.0625% to 0.10%.
On Tuesday, the stock market started with a green mark. On Tuesday morning, the Sensex opened at 80,724.30 points. But soon after opening, it started declining. As soon as the budget started at 11 am, it increased again and remained there for some time. As the budget progressed, it kept declining. When the budget ended at around 12 noon, shortly after that there was a tremendous decline in it. This decline was of about one thousand points. However, after this decline, the stock market seemed to recover. It continued to fluctuate. By 2 pm, the stock market had reached 80,289.59 points. Nifty also saw a decline on Tuesday. It fell by about 500 points.
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These stocks brought a boom
After the budget, the biggest rise was seen in Titan’s stock. By noon, it had increased by more than 6 percent. After this, the shares of ITC and Tata Consumer Products saw a rise. They rose by more than 3 percent. Apart from this, the shares of Adani Port and HUL also rose by more than two percent.
There has been a decline in these
The biggest decline was in the shares of L&T and Hindalco. The shares of both the companies fell by more than 3 percent. Apart from these, the shares of ONGC, Shriram Finance, Power Grid Corporation and Bajaj Finance fell by more than two percent.