The bearish run on the stock market soon after the Budget announcement of a 10% long-term capital gains (LTCG) tax has been along expected lines. This is partly due to early self-correction in the overvalued market.
Globally, too, the S&P 500, which till January 2018 was in one of its longest bull runs since 1929, fell by over 3.85% in the first week of February, erasing over $1 trillion of its market value. However, a part of the fall in stock market prices in India can also ..