Selloff likely due to Budget scare.

*Market has stopped expecting any relief from tax perspective.* The incessant sell off by FIIs started with increase in LTCG and STCG years ago. On top of that the STT, is like death by thousand cuts. Till now the SIPs have supported the sell off but the retail is at the fag end of their patience. So the sell off near the ATH again this time right before budget is to price in another bad budget from investor perspective. If there is really any relief in budget then the big money can get in again later.