In rollercoaster ride, Indian stocks closed in red on Budget day

New Delhi [India], July 23 (ANI): The Indian benchmark indices experienced significant volatility as Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 under the Modi 3.0 government on Tuesday.

A notable market-moving announcement was the increase in long-term capital gains tax to 12.5 per cent from the previous 10 per cent. Initially, the Sensex plummeted to a day's low of 79,224, down 1,278 points, w