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Budget 2024: Broking stocks may drag after increase in STT

by Wright Research

Published On July 23, 2024

In this article

Budget 2024: Broking stocks may drag after increase in STT

Finance Minister's Union Budget speech raises Securities Transaction Tax and capital gains taxes, impacting stock broking companies. Analysts have mixed views on the changes, with some seeing it as a positive move to control speculation. Market reacts with varying stock price movements for companies like Angel One, Motilal Oswal, and ICICI Securities.

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