Finance Minister Jaswant Singh might have unwittingly sparked the selling spree on the domestic bourses as his tax proposals have led investors to churn their portfolios.
The BSE Sensitive Index (sensex) closed lower on each of the four trading days after the Budget as traders unwound long positions built earlier to claim the benefits of new tax provisions.
On Thursday, the sensex settled with a loss of 35.75 points to 3,190.35, its lowest close in three months since November 27, 2002, taking this week
