Effect of Budget 2024 on Stock Market: Know why all the stocks crashed

Effect of Budget 2024 on Stock Market: Nirmala Sitharaman, who is going to present the seventh (Union Budget 2024) today on 23 July 2024, is going to present (Union Budget 2024) today at 11 am.

Budget 2024 on Stock Market

Nirmala Sitharaman made a big announcement on capital gains, due to which the shares crashed

Nirmala Sitharaman gave a big shock which includes all the investors, regarding capital gains tax, she said that it has been increased from 2 percent to 12 percent, the full effect of which we got to see on the market, due to which the market went down from a dam.

Effect of Budget 2024 on Stock Market

With this announcement of Nirmala Sitaram, the Sensex started falling rapidly, due to which people also suffered a lot of loss, and those who hold the position are slowly preparing to recover.

Now it remains to be seen whether these investors will see it as a boon or a curse, along with this Nirmala Sitharaman announced financing and marketing for shrimp farming, which brought a big jump in the poets related to it.

Today on 23 July 2024, the budget pass had a huge impact on the stock market, the stock fell by a huge margin because it was announced to increase the capital gains from 2 percent to 12 percent.

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