Markets Bounce Back: Sensex Gains 1.2% Post-Budget
The Indian stock market witnessed a significant recovery on Monday, with the Sensex climbing by 1.2%, regaining more than half of the losses incurred after the Union Budget FY27. Investors were initially rattled by the proposed hike in the securities transaction tax (STT) on futures and options. However, the market's strong rebound, driven by infrastructure and capital goods stocks, indicates resilience. Despite this rally, concerns linger about low earnings growth and potential foreign investor withdrawal, suggesting that the road to recovery may be challenging.
