Stock Market Plunges 2000 Points Post-Budget on STT Hike
Business
M
Moneycontrol•01-02-2026, 20:37
Stock Market Plunges 2000 Points Post-Budget on STT Hike
- •Indian stock markets experienced significant turmoil immediately after the Union Budget 2026 presentation.
- •The BSE Sensex plummeted by up to 2000 points during trading hours.
- •The Nifty also dropped below the 24,600 mark.
- •Finance Minister Nirmala Sitharaman announced an increase in Securities Transaction Tax (STT) on Futures and Options (F&O) trading in her budget speech.
Why It Matters: Markets reacted sharply to the Budget 2026, with STT hike on F&O trading causing a major sell-off.
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