While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy
The Sensex tumbled 770 points to end at 36,563, while the Nifty closed at 10,798, down 2 per cent, or 225.35 points
On NSE, the Nifty50 index reclaimed the crucial 11,000 level to close at 11,058, up 229 points, or 2.11 per cent.
Scrapping of Kashmir autonomy, China yuan devaluation trigger fresh risk-off bets
Over the past month, Coffee Day Enterprises, Indiabulls Integrated Vodafone Idea, DHFL, CARE Ratings, Indiabulls Ventures and Tejas Networks have tanked more than 40%.
If the market participants are miffed today, it is perhaps because they were living in a dream world all these years
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
Besides the rejig of shareholding norms, the government's proposal to hike income tax surcharge on high net-worth individuals (HNIs) dented the market sentiment
Here's a look at the biggest factors that dragged the market lower on Monday -
The ongoing developments at IL&FS, YES Bank and housing finance companies dented sentiment in the banking and finance sectors