The market is not bleeding for one reason. It is bleeding because everything is...

The market is not bleeding for one reason. It is bleeding because everything is hitting together. Crude is high. Rupee is weak. Bond yields are elevated. Inflation risk is back. Geopolitical war risk is live. On top of that: High LTCG. High STCG. Higher STT. More tax layers on every exit. So the investor is getting crushed from both sides. Global shocks are destroying sentiment. Domestic taxes are reducing the reward for staying invested. When oil jumps, FIIs sell. When the rupee falls, imported inflation rises. When yields rise, equities look expensive. When taxes stay high, selling becomes the easier decision. This is not a normal correction. This is pressure stacking. You cannot control crude. You cannot control war. You cannot control US yields. You can control STCG, LTCG and STT. Until that friction comes down, every external shock will keep wiping more wealth. Market is not weak. The setup is hostile.