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Indian Stock Markets Decline Significantly As Govt Proposed To Raise Tax On Capital Gains

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New Delhi: Indian stock markets declined significantly today as the government proposed to raise the tax on capital gains and on trading derivatives.

The S&P BSE Sensex dropped below 80,000, losing 1,248.23 points while the NSE Nifty fell by 409 points. The Indian rupee also dropped to a record low against the US dollar to 83.69 rupees.

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