The reintroduction of long-term capital gains (LTCG) tax in the Budget sent Dalal Street on a selling spree on Friday, as the sensex crashed 840 points (2.3%), its second-sharpest post-Budget day fall ever by points, and closed just a tad above 35K. Bond yields rose on fears that the government might not be able to manage the fiscal deficit target, which also affected investor sentiment on the stock market.
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