STT Hike Sinks Market: Sensex Plunges 1547 Points, Nifty Below 24,850
Business
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Moneycontrol•01-02-2026, 15:39
STT Hike Sinks Market: Sensex Plunges 1547 Points, Nifty Below 24,850
- •Indian stock market experienced a significant downturn following the STT hike announced in the budget.
- •Sensex plummeted by 1547 points, while Nifty closed below the 24,850 mark.
- •Midcap and smallcap shares faced intense selling pressure, with Nifty Midcap down 1.8% and Smallcap down 2.8%.
- •Capital Market and Defense sectors recorded the sharpest declines among all sectors.
- •All BSE sector indices, except IT and Consumer Durables, ended in the red, with Metal, PSU Bank, Oil & Gas, and Capital Goods seeing major falls.
Why It Matters: STT hike led to a broad market sell-off, with Sensex and Nifty closing significantly lower.
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