2024 Stock Market Crash. Markets closed flat on july 23 after a crash which came when finance minister nirmala sitharaman proposed hiking the capital gains tax and securities transaction tax in the union. The stock market not only has recovered from its tantrum of early august, it is behaving as though that downturn never happened.

Markets closed flat on july 23 after a crash which came when finance minister nirmala sitharaman proposed hiking the capital gains tax and securities transaction tax in the union. Stocks on wall street suffered their sharpest decline in nearly two years on monday, tracking a global.