Benchmark Sensex ended over 58 points lower in highly volatile trade today as markets gave a thumbs down to Budget proposals like long-term capital gains tax on equities. The 30-share index had plunged over 460 points in afternoon trade after Finance Minister Arun Jaitley announced long-term capital gains tax of 10 per cent on stock market gains exceeding Rs 1 lakh. The target for 2018-19 has been fixed at 3.3 per cent as against the Fiscal Responsibility and Budget Management Act target of 3 per cent. The performance of the market is in stark contrast to last year when the Sensex closed 486 points up at 28,142. The Sensex had crashed to 35,590.17, falling 374.85 points, or 1.04 per cent during the day.

Source: dna February 01, 2018 11:48 UTC