Sovereign Gold Bonds (SGBs) experienced a significant drop of 8-10% as investors shied away from the secondary market following the government’s withdrawal of tax benefits on capital gains at maturity. This move, coupled with falling gold prices, has prompted wealth managers to advise investors to re-evaluate their investment strategies.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj