STT Shock: Sensex Plunges 1843 Points, Nifty Below 25K After Budget 2026
Business
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News18•01-02-2026, 15:58
STT Shock: Sensex Plunges 1843 Points, Nifty Below 25K After Budget 2026
- •Indian equity markets closed sharply lower following the announcement of a hike in Securities Transaction Tax (STT) in Budget 2026.
- •The BSE Sensex dropped by 1843 points (1.9%) to 80,712, while the NSE Nifty 50 fell over 2.1% to 24,780.
- •Concerns over higher STT, particularly on futures and options, are expected to impact derivatives market liquidity and increase costs for traders.
- •Both NSE and BSE held a special live trading session on Sunday, February 1, during the Union Budget presentation.
- •Sectors like banking, real estate, defence, railways, textiles, infrastructure, power, and agriculture were closely watched during the Budget announcements.
Why It Matters: Increased STT in Budget 2026 led to a significant market downturn, with Sensex and Nifty seeing sharp declines.
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