Stock markets fall for 4th day on selling in banking shares, STT hike

The Indian stock market declined for the fourth consecutive day due to a significant drop in banking shares. Concerns were raised following the increase in Securities Transaction Tax (STT), which impacted investor sentiment. Banking stocks faced substantial selling pressure, leading to a broader market downturn. Investors are cautious about the potential effects of the STT hike on market liquidity and overall trading volumes. The market decline reflects ongoing uncertainties and adjustments to new regulatory changes.