Finance Minister Nirmala Sitharaman’s steep STT hike on futures and options has triggered sharp market backlash, with brokerages and exchanges tumbling up to 9%. Experts warn the move could drain liquidity, deter foreign investors and hurt India’s market competitiveness, even as the government defends it as a curb on excessive speculation.
At the end of the day, the BSE Sensex fell 1546.84 points or 1.88% to close at 80,722.94, whereas the Nifty 50 was down 495.20 points or 1.96% to end at 24,825.45.
Union Budget FY27 eases tax norms for IT and software exporters by expanding safe harbour limits, simplifying transfer pricing, improving buyback taxation, and offering long tax holidays to foreign cloud firms using Indian data centres, enhancing competitiveness and investment appeal.
Indian stocks slumped in Sunday’s special Budget session after the sharp STT hike on futures and options triggered heavy selling. MCX, Hindustan Copper, Hindustan Zinc, Angel One, BSE and other major names ranked among the top Nifty 500 losers
Union Budget 2026 raised securities transaction tax on futures and options, increasing trading costs across India’s derivatives market. The move triggered a sharp sell off in brokerage and exchange stocks and renewed concerns over liquidity, volumes and foreign investor participation in one of the world’s largest F&O markets.
Gokaldas Exports posted ₹15 crore Q3 FY26 profit, up 81% sequentially, hinting recovery despite global headwinds. Yearly profit fell on US tariffs, while productivity gains, cost controls, stable revenue, and improving margins supported quarter-on-quarter performance across India and Africa outlook.
Paytm shares jumped sharply after Budget 2026 announced a significantly higher incentive allocation for UPI and RuPay, boosting sentiment around digital payments. Strong volumes accompanied the rally as investors cheered policy support, while improved profitability and steady revenue growth further strengthened confidence in the fintech company’s outlook.
Indian markets plunged post Union Budget 2026 as Sensex fell sharply on higher trading taxes and weak FPI cues. Despite near term shock, analysts see capex push, defence spending and structural reforms supporting medium to long term growth prospects ahead.
Realty stocks fell sharply after Budget 2026 disappointed the sector with no major incentives, dragging the Nifty Realty index lower. Developers saw heavy losses amid unmet housing expectations, while REITs outperformed, supported by the government’s continued focus on urban infrastructure development and asset monetisation through dedicated REIT structures.
The government on Sunday proposed to accelerate "recycling" of real estate assets owned by Central Public Sector Enterprises (CPSEs) through the setting up of dedicated real estate investment trusts (REITs).
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.