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Sensex falls for third day; budget unveils equities tax

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Reuters
Last Updated : Feb 01 2018 | 4:05 PM IST

(Reuters) - Indian shares ended lower for a third straight session on Thursday, after the government's 2018/19 budget set a capital gains tax on long-term equity investments, although investors welcomed higher spending in key areas of the economy such as agriculture.

The Nifty ended 0.1 percent down to 11,016.90 in a volatile session where shares briefly plunged 1.35 percent and gained up to 0.81 percent.

The Sensex closed 0.16 percent lower at 35,906.66.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Sherry Jacob-Phillips)

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First Published: Feb 01 2018 | 3:59 PM IST

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