Budget 2024: How the Budget Could Shape Stock Market Trends, Know What Expert Suggest

Budget 2024: The stock market fell sharply today following the announcement of the Union Budget by Finance Minister Nirmala Sitharaman. Both the Sensex and the Nifty suffered significant losses. The stock market crash can be attributed to three major factors: STT tax, LTCG and STCG tax changes, and share buyback taxes. In this video, share market expert Kshitij Mahajan shares his opinion on market impact. 

Budget Impact on Share Market 

While sharing insights about the market trends, Kshitij Mahajan said, “If our current GDP is approximately 4 trillion dollars, growing at a rate of 12 billion annually, we could reach an 8 trillion-dollar GDP by 2030. If 25% of this GDP comes from manufacturing, it would mean 2 trillion dollars from this sector. Manufacturing boosts self-reliance, reduces imports, creates jobs, and brings money into the economy.” Watch video to learn more.