Market Plunges on STT Hike: Nifty Hits 4-Month Low, What's Next?

• Share markets experienced a sharp sell-off during the special budget session on Sunday.
• Finance Minister's announcement of a significant increase in Securities Transaction Tax (STT) on F&O trading triggered the decline.
• Nifty 50 fell to an intraday low of 24,572, closing at 24,825, down 1.96%, its lowest in four months.
• Experts warn that if the downtrend continues, the 24400 level could be breached, with immediate support at 24,571 and 24,337.
• Several companies, including Hero MotoCorp, Aarti Industries, and Tata Chemicals, are set to release results this week.

Why It Matters: Nifty plunged to a four-month low due to an STT hike, with further downside possible if key support levels break.