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Capital market stocks rebound as Jefferies flags STT hike manageable
Capital market stocks rebounded after Jefferies said STT impact is manageable.
Shares of BSE, Angel One, and other capital market stocks rose up to four percent after recent Budget led losses. Jefferies said the securities transaction tax hike appears largely manageable for brokers. Improved sentiment followed reassessment of earnings impact and valuations. Analysts noted recovery reflects confidence in business resilience despite near term pressure from higher trading costs and regulatory changes affecting market volumes.