Why did Sensex crash after Budget presentation?

Sensex bled nearly 2,400 points after Budget session. Government, in its presentation, said Securities Transaction Tax on Futures contracts will rise to 0.05% from 0.02%. Shares of public sector banks declined after government outlined plans to set up committee to review banking and finance sector. Further, India's capital expenditure target for FY27 was lower than estimates, NDTVProfit said.

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