Live Updates: Union Budget 2024 Impacts on Stock Market and Commodity Demand

Tuesday, 23 July 2024, 10:01

The Union Budget 2024 has led to significant volatility in the stock market, with markets initially plunging but recovering some losses by close. The Finance Minister announced an increase in the Securities Transaction Tax (STT) on Futures and Options, impacting investor sentiment. Additionally, there are concerns regarding silver commodity demand amidst the market fluctuations. This budget reflects critical shifts in policy that will shape financial strategies moving forward.
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Live Updates: Union Budget 2024 Impacts on Stock Market and Commodity Demand

Union Budget 2024 Impacts on Stock Market

As the Union Budget 2024 was unveiled, the financial markets experienced substantial turmoil. Many investors witnessed a sell-off that led to significant losses initially. However, by the end of the trading day, markets managed to recover some of these losses, highlighting the volatility.

Higher STT and Market Reactions

  • The Finance Minister has announced a raise in the Securities Transaction Tax (STT) on Futures and Options, which has been a point of contention among traders.
  • This tax increase is expected to further complicate trading strategies and may dampen trading volumes.

Impact on Silver Commodity Demand

There are also forward-looking discussions around silver commodity demand. The market's instability raises questions regarding investor confidence in commodities as a safe haven.

In conclusion, the Union Budget 2024 outlines essential updates that significantly impact the stock market and trading dynamics, particularly regarding the silver commodity and new taxation on trading.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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