Stock Market Budget 2024 Highlights: Markets closed on a negative note as the government increased short-term capital tax gains and long-term capital gains tax. However, to boost foreign investment the government announced that there’ll be no angel tax across any asset class. The Nifty 50 closed 33 points or 0.13% lower at 24,476.55, while the BSE Sensex closed 62 points or 0.08% lower at 80,440. The long-term capital gains tax was revised to 12.5% from 10%. The government revised the Security Transaction Tax to 0.02% from 0.01% for F&O. Bank Nifty closed 502 points or 0.96% lower at 51,778, while the Nifty Midcap 100 fell 339 points or 0.60% to settle at 56,285.25.

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