3
SUMMARY
Kamath said that the markets are “finally correcting”, which has resulted in the broking industry seeing a “massive drop” in terms of trades and volume
He feels that if the correction continues, the Indian government is likely to see a 50% decline in its Securities Transaction Tax (STT) for FY26 from INR 80K Cr to INR 40K Cr
The Indian equities markets, in tandem with the global markets, crashed on Friday (February 28) after US President Donald Trump doubled down on his tariff war agenda
Amid the bloodbath in…
