Mumbai: The post-Budget sell-off dragged the benchmark BSE Sensex down by 839.91 points to 35,066.75 at market close, while the broader NSE Nifty 50 plunged to 10,760.60 by 256.30 points.
The long-term capital gains tax on equities and and 10 % tax on distributed income from equity-oriented mutual funds has hit sentiment on the street. Market mood suffered another setback after Fitch Ratings today said high debt burden of the government constrains India’s rating upgrade.