00:00Budget day of the day, a big deal, Nirmala Sitaramana and the finance minister has presented the budget
00:06and she has announced a hike in STT, STT is security transaction tax on futures and options
00:13as you can see viewers that Sensex is 1800 points down and if you go down you will be able to see
00:21although there was a boost for the pharma sector, you will see max healthcare, sun pharmaceuticals
00:29all are positive, there are all the banks, all the finance sectors also who deals with options and futures
00:37those stocks are down, if you see nifty, nifty is also down, it's around, it's just touching 25,000 now
00:48and if you see the top gainers and losers, we will see that there is a trend, Wipro TCS is up,
00:56max healthcare, sun pharmaceuticals is up but if you go down now and see the top losers,
01:05you will see ITC which is also a tobacco company, Infosys is down, HDFC bank, Bajaj Finserv, these
01:14are all banks or NBFCs, HDFC life insurance, they are all down, so let's see if the market
01:23will recover or not, we had a huge push for the pharma sector and the biopharma sector but
01:30this tax hike on the securities and option, it is going to have an impact in the derivative market
01:38because derivative trading costs will impact and since X and Nifty as I said had crashed right
01:45after this announcement, the government will also tax buyback proceeds for all type of shareholders
01:51as capital gains, it's about this, keep watching good returns.
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