India's plan to increase transaction taxes on derivatives trading rattles investors

India's plan to impose higher transaction taxes on derivatives trading has rattled investors. The move to raise the securities transaction tax to 0.05% from 0.02% was revealed during the government's budget announcement, and is intended to curb speculative trading among retail investors. Equities tumbled some 2% during special trading on Sunday but have since bounced back. Investors fear the higher taxes could be another setback for a market which has been underperforming its peers in Asia. Rebecca Bundhun reports from Mumbai.