Why Market slumped
It is to be noted that American Share market went to an all time low in six years. The government has imposed long term capital Gain tax. It disturbed the sentiments of Investors. As per the tax if an income earned by a year old share is 1 Lakh than Investor is liable to give 10 pc of tax.
A capital loss of 5 Lakh crores
Share Market was seen bearish since budget 2018 was announced. The investors has lost 5 Lakh crore minus the loss incurred today. (WD)