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Turbulent times often bring out the fun side of stock market investors. The sharp slide in equities this week triggered a barrage of jokes on social media. Some blamed the fall — not just in India but globally — to the new tax on equities proposed in the Union Budget. “It's now clear that our imposition of long-term capital gains tax has caused the global market crash.
India is finally a mover and shaker on the global stage now,” said a tweet by investment veteran Shankar Sharma of First Global. Some others termed the crash in stock prices as "end of season sale". A fake tweet alleging US President Donald Trump once said that a sitting president should be blasted into space if the "Dow Joans" ever dipped more than 1,000 points in a single day, also went viral.