Kamath suggested that if the ongoing market correction persists, the Indian government's revenue from the Securities Transaction Tax (STT) could drop by 50% to Rs 40,000 crore in FY 2025-26, far below the projected Rs 80,000 crore.
An unprecedented crash in the Japan's Nikkei stock exchange, coupled with fear of a looming US recession and the spectre of an Israel-Iran war has contributed to the current plunge in the Indian stock markets.
As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.
Benchmark indices, Nifty and Sensex scaled fresh record highs on Wednesday, with Sensex surpassing 80,000 for the first time on the strength of banking and FMCG stocks.
The historic milestone aligned with Prime Minister Narendra Modi-led NDA government at the Centre for the last ten years. When Narendra Modi first became Prime Minister in 2014, the Sensex celebrated the historic verdict by surging roughly 1400 points to exceed the 25,000 mark. Now, ten years later, as PM Modi is vying for a third term in the forthcoming Lok Sabha Elections of 2024, the Sensex has crossed the landmark 75,000 mark.
Ravindra Bharti has two YouTube channels named Bharti Share Market Marathi with 10.8 lakh subscribers and Bharti Share Market - Hindi with 8.22 lakh subscribers.
In response to the caller's sarcastic comments, Vikas Sethi, Managing Director of Sethi Finmart appearing as an expert on the show said, "At least one thing is clear that he [Sandeep] is a long-term investor."