Budget 2024: Top 5 Hits to the Indian Stock Market by FM Nirmala Sitharaman

Hike in Capital Gains Tax: Higher rates for long-term investments, reducing investor returns.

Increase in Corporate Tax: Raised corporate tax rates, squeezing company profits.

Dividend Distribution Tax (DDT) Reinstated: DDT reintroduced, making dividends less appealing to shareholders.

Tax on Share Buybacks: New tax on share buybacks, deterring companies from returning capital to shareholders.

Higher STT (Securities Transaction Tax): Increased STT rates, raising the cost of trading and affecting liquidity.

Introduction of Wealth Tax: Wealth tax on high-net-worth individuals, impacting investment strategies.

Reduction in FDI Limits: Lowered Foreign Direct Investment limits in certain sectors, potentially decreasing foreign investment.

Enhanced Compliance Requirements: Stricter compliance regulations, increasing operational costs for companies.