Stock market is expected that the budget security transaction tax (STT) is out. For transactions in shares of 0.125 per cent or Rs 1.25 at Rs 1,000 has to STT. Experts say that the STT to boost trading and investment should be removed. According to the government brings a new tax or tax rate is increased, it will affect the market. But if the government increases spending on infrastructure and education, it may benefit the market. Also, the market will like the new banking licenses announced. However, the market will increase the burden of fear that food subsidies and oil subsidies, which can lead to financial losses.
