Market Crashes: Investors Lose ₹10 Lakh Crore Post-Budget 2026
Budget
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CNBC Awaaz•01-02-2026, 18:01
Market Crashes: Investors Lose ₹10 Lakh Crore Post-Budget 2026
- •Indian stock markets experienced significant turmoil following the Union Budget 2026 presentation.
- •BSE Sensex plunged by 2000 points and Nifty dropped below 24,600 during trading hours.
- •Finance Minister Nirmala Sitharaman's announcement of increased Securities Transaction Tax on F&O triggered a selling spree.
- •Mid-cap and small-cap stocks faced greater pressure, with Nifty Midcap down 2.2% and Smallcap down 2.8%.
- •Almost all sectors, except IT, closed in the red; Metal and PSU Bank indices saw the steepest declines.
Why It Matters: Investors lost ₹10 lakh crore as the market crashed due to increased STT on F&O post-Budget 2026.
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