Stock Market Highlights: Sensex tanks 1,547 pts, Nifty ends at 24,825 as STT hike dampens mood

Budget 2026 | Stock Market LIVE Updates on February 1, 2026: FM Sitharaman on Sunday has raised STT on future trades to 0.05 per cent from 0.02 per cent under Budget 2026.

3:56 PM

Stock Market LIVE Updates on Budget 2026: India expects tax revenue to grow sufficiently

Stock Market LIVE Updates on Budget 2026: The Government expects that the tax revenue may continued to grow at sufficent pace, Revenue Secretary Arvind Shrivastava said

3:53 PM

Stock Market LIVE Updates on Budget 2026: Market expert view

Stock Market LIVE Updates on Budget 2026: Indian equity markets witnessed sharp, event-driven volatility during the special Budget Day session, with benchmark indices slipping into a risk-off mode as investors digested the Union Budget 2026–27. Initial optimism faded quickly as higher transaction costs driven by the increase in Securities Transaction Tax (STT) on equity derivatives—and the lack of strong measures to revive foreign capital inflows weighed on sentiment and near-term liquidity expectations. Selling pressure intensified across metals, PSU banks, and index heavyweights, while defensives such as healthcare and IT showed relative resilience. A softer rupee and muted FII participation further reinforced cautious positioning. While the Budget reaffirmed long-term intent through record infrastructure spending and a manufacturing push, the market response signalled near-term disappointment, with participants choosing to book profits and reassess risk amid fiscal and policy clarity gaps.

-- View by Ponmudi R, chief executive officer at Enrich Money

3:51 PM

Stock Market LIVE Updates on Budget 2026: Market technical view

Stock Market LIVE Updates on Budget 2026: The benchmark Nifty index witnessed heightened volatility on Union Budget Day, recording an intraday swing of 869 points, which was its widest trading range since June 04, 2024. Market sentiment turned sharply negative during Finance Minister Nirmala Sitharaman’s Budget speech, particularly after the proposal to increase the Securities Transaction Tax (STT) on Futures and Options, which triggered aggressive selling across the market.

 

The Nifty slipped to an intraday low of 24571 before stabilizing and recovering part of the losses, eventually closing at 24825 with a decline of nearly 2%. On the technical front, the index formed a bearish candle accompanied by a long lower shadow on a daily chart, reflecting deep intraday selling followed by partial buying interest.

Going ahead, the zone of 24700–24650 is expected to act as the immediate support for the Nifty index. A sustained move below 24650 may accelerate the downside momentum and open the gates for a further correction toward 24500, followed by 24350 in the short term. On the upside, the region between 24950–25000 will continue to pose a immediate hurdle.

3:48 PM

Stock Market LIVE Updates on Budget 2026: Centre will carry on Cabinet-approved divestment list

Stock Market LIVE Updates on Budget 2026: The Government will carry on the disinvestment approved by the Cabinet, Finance Minister Nirmala Sitharaman said. 

3:47 PM

Stock Market LIVE Updates on Budget 2026: India focusing on sectors that needs production improvement

Stock Market LIVE Updates on Budget 2026: The Union Budget 2026 is focusing on sectors which needs production improvement, Finance Minister Nirmala Sitharaman said. 

3:44 PM

Stock Market LIVE Updates on Budget 2026: Sensex heatmap check

Stock Market LIVE Updates on Budget 2026: Among the Sensex constituents, Bharat Electronics, State Bank of India, Adani Ports, NTPC, Reliance Industries, and Tata Steel, UltraTech, and L&T were the top laggards, falling in the range of 3 per cent to 6 per cent. TCS, Sun Pharma, and Infosys were the only laggards.

3:43 PM

Stock Market LIVE Updates on Budget 2026: A glance at broader markets

Stock Market LIVE Updates on Budget 2026: In the broader markets, the Nifty Midcap 100 index fell 2.24 per cent, and the Nifty Smallcap 100 index was down 2.73 per cent.

3:42 PM

Stock Market LIVE Updates on Budget 2026: Sectoral heatmap check

Stock Market LIVE Updates on Budget 2026: Barring Nifty IT, all sectoral indices witnessed a sharp sell-off. Nifty PSU Bank fell 5.57 per cent, followed by Nifty Metal (4.05 per cent), Auto (2.09 per cent), Bank (2 per cent), Financial Services (2.31 per cent), FMCG (2.29 per cent), Realty (2.22 per cent), Private Bank (1.22 per cent), Oil and Gas (2.86 per cent), and Chemical index down 2.62 per cent.

3:36 PM

Stock Market LIVE Updates on Budget 2026: Sensex crashes 1,547 points

Stock Market LIVE Updates on Budget 2026: The BSE Sensex fell 1,546.84 points or 1.88 per cent to close at 80,722.94 levels.

3:34 PM

Stock Market LIVE Updates on Budget 2026: Indian economy is strong but facing global uncertainty

Stock Market LIVE Updates on Budget 2026: Indian economy remained fundamentally strong but facing global uncertainty, which is why the Government came up with several measures, Finance Minister Nirmala Sitharaman said. 

3:34 PM

Stock Market LIVE Updates on Budget 2026: Nifty tanks 495 points; settles at 24,825

Stock Market LIVE Updates on Budget 2026: Following the Budget 2026, the benchmark NSE Nifty50 witnessed a sharp sell off to close at 24,825.45 points, down by 495.20 points or 1.96 per cent.

3:24 PM

Stock Market LIVE Updates on Budget 2026: Buyback tax is relief

Stock Market LIVE Updates on Budget 2026: Buyback tax is a relief, not a burden, said Revenue Secretary Arvind Shrivastava.

3:22 PM

MARKET COMMENT:: Sonal Varma, Managing Director and Chief Economist (India and Asia ex‑Japan), Nomura

Budget is a mixed bag. It delivers on the push towards boosting manufacturing, attracting data centre investments, maintaining the pace of public capex and reforms on customs duty, but allocation on defense is lower than expected, and the hike in derivative tax is a negative surprise for equity markets.

 

Gross market borrowings are closer to Nomura views, but higher than market expectations, and will mean continued market concerns around large centre and state bond supply next year.

 

From a macro perspective, we were also focused on the fiscal targets, and both the fiscal deficit target and the central government debt target are higher than expected, and suggest a slower pace of fiscal consolidation. We await the revised GDP series in end-February to assess whether that changes these ratios.

 

The budget assumptions are mixed, because nominal GDP growth of 10% is achievable, gross tax revenue growth of 8% appears conservative but disinvestment target of Rs 800 billion appears optimistic at first glance.

 

Overall, the lagged impact of past monetary easing and stronger global growth should support real GDP growth of 7.1% in FY27, with the budget focus mainly on manufacturing, exports, and infrastructure.

3:21 PM

Stock Market LIVE Updates on Budget 2026: AI will not replace people’s work entirely

Stock Market LIVE Updates on Budget 2026: Artificial Inteligence (AI) in India – the Government has a huge demographic advantage to benefit from AI. The people will have work and opportunities that will be enticing for the youth. AI will not replace people’s work entirely.

India is focusing on how to use AI and what capacities we need to create in terms of skills and infrastructure. The Government will have to train the people, to ensure that the benefits of AI are widespread.

3:18 PM

Stock Market LIVE Updates on Budget 2026: India to gradually proceed, stay within bounds for fiscal prudence

Stock Market LIVE Updates on Budget 2026: Drastic changes do not go down well. India will have to proceed gradually and stay well within the bounds that give us confidence and ensure fiscal prudence, said Finance Minister Nirmala Sitharaman.

3:14 PM

Stock Market LIVE Updates on Budget 2026: India has plan to manage the proposed market borrowing

Stock Market LIVE Updates on Budget 2026: The Government does not think that the borrowing is on the higher side. They has plan tot manage the proposed market borrowing, said Anuradha Thakur, secretary of economic affairs in the post Budget press conference.

3:10 PM

Stock Market LIVE Updates on Budget 2026: India aims to examine nature and structure of banking sector

Stock Market LIVE Upates on Budget 2026: India is looking to form a committee to examine the nature and structure of the banking sector and provide recommendations for reforms to achieve our goal of a Viksit Bharat by 2047, Finance Minister Nirmala Sitharaman said.

3:08 PM

Stock Market LIVE Updates on Budget 2026: 'Budget emphasizes continuity and fiscal discipline'

Stock Market LIVE Updates on Budget 2026: The Budget emphasizes continuity and fiscal discipline, with a steady increase in capex to keep the growth engine running and create the right environment for long-term wealth creation.


Views: Radhika Gupta, is the MD & CEO at Edelweiss Asset Management Limited (EAML).

3:07 PM

Stock Market LIVE Updates on Budget 2026: Only STT on Futures & Options has changed

Stock Market LIVE Updates on Budget 2026: Only Securities Transaction Tax (STT) on Futures and Options was changed as traders are highly speculative. It is necessary because the transaction volumes of these instruments in the market are high, posing risks for small investors. The government is aiming to manage systemic risks in the markets. The tax rate remained same in all other segments, said Anuradha Thakur, secretary of economic affairs in the post Budget press conference.

3:04 PM

Stock Market LIVE Updates on Budget 2026: India has strong asset monetisation plan

Stock Market LIVE Updates on Budget 2026: India has a strong asset monetisation plan, said Anuradha Thakur, secretary of economic affairs in the post Budget press conference.

3:01 PM

Stock Market LIVE Updates on Budget 2026: India aims to upgrade legacy industrial cluster

Stock Market LIVE Updates on Budget 2026: The legacy industrial corridors are saturated. India wants to upgrade the legacy industrial cluster to bring more efficiency, Finance Minister Nirmala Sitharam said in the post Budget press conference.

2:59 PM

Stock Market LIVE Updates on Budget 2026: Establishing rare-earth corridor to reduce dependence on imports

Stock Market LIVE Updates on Budget 2026: India's dependence on magnets and rare earths will be reduced after establishing a rare earth corridor to face and meet its own requirements for raw materials and minerals, Finance Minister Nirmala Sitharaman said. 

2:57 PM

Stock Market LIVE Updates on Budget 2026: Dedicated chemical parts manufacturing to reduce import dependence

Stock Market LIVE Updates on Budget 2026: The budget proposed measures for dedicated chemical parts manufacturing to reduce import depence, Finance Minister Nirmala Sitharaman said. 

2:54 PM

Stock Market LIVE Updates on Budget 2026: Developing City Economic is a new measure, Says FM

Stock Market LIVE Updates on Budget 2026: The plan to develop city economic regions is a new measure the Government has come up with, Finance Minister Nirmala Sitharama said in the Budget Press Conference

2:47 PM

Stock Market LIVE Updates: PSU bank shares fall up to 7% post Budget 2026

Stock Market LIVE Updates: All the index constituents were trading lower, with Bank of India, Bank of Maharashtra, Indian Bank, Bank of Baroda, Union Bank of India, and State Bank of India falling in the range of 3 to 7 per cent. Among others, Indian Overseas Bank, Central Bank of India, Punjab & Sind Bank, Canara Bank, Punjab National Bank, and UCO Bank fell up to 3 per cent. READ MORE

2:36 PM

Stock Market LIVE Updates: 'Expect capital markets to increasingly reward quality'

Stock Market LIVE Updates:  “From a capital markets point of view, Budget 2026 is all about building on the confidence factor rather than focusing on short-term momentum. The glide path on fiscal deficit, the commitment to capital expenditure of ₹12.2 lakh crores, and the overall focus on manufacturing-driven growth indicate stability in the overall macro framework of India. From a capital markets point of view, this provides a conducive environment for long-term capital formation and visibility.

 

Overall, the focus on infrastructure, semiconductors, bio-pharma, and strategic manufacturing is a positive factor for the overall investment story of India and broadens the investment universe beyond a specific set of sectors. Although increased transaction costs in specific sectors of the capital markets may affect trading sentiment, overall continuity and fiscal prudence would be much more important factors for long-term investors. We expect the capital markets to increasingly reward quality, balance sheet, and businesses that are structurally aligned with India’s growth themes.”

 

Views by: Manish Jain, managing director & CEO, Bajaj Broking

 

2:34 PM

Stock Market LIVE Updates: Budget 2026 changes SGB tax rules, ends blanket capital gains exemption

Stock Market LIVE Updates:  If you invest in Sovereign Gold Bonds (SGBs) to save tax and gain exposure to gold, the Union Budget 2026–27 brings an important clarification you should be aware of. In her Budget announcement on February 1, Nirmala Sitharaman proposed tightening the conditions under which capital gains exemption on SGBs will be available. READ MORE

2:32 PM

Stock Market LIVE Updates: Ashok Leyland announces business update for January 2026

Stock Market LIVE Updates:  Auto sector player Ashok Leyland has announced its business update for January 2026.

 

Here are the key figures from the exchange filing submitted by the company:

2:26 PM

Stock Market LIVE Updates: Nifty IT jumps 3.5% from day's low; TCS, Infy, Wipro shine on Budget boost

Stock Market LIVE Updates:  Shares of IT companies were seen trading on a positive note and outperforming the broader market trend on Sunday post the Union Budget 2026 announcements. The NSE Nifty IT index was up 1.5 per cent at 38.593 levels. In comparison, the Nifty 50 index was down 1 per cent at 25,080. READ MORE

2:19 PM

Stock Market LIVE Updates: Why did One 97 Communications, operator of Paytm jump 10% post Budget?

Stock Market LIVE Updates: One 97 Communications, parent company of Paytm, shares jumped 9.4 per cent on the BSE, registering the day’s high at ₹1,244.05 per share. The buying on the counter came after the budgeted allocation for low-value, peer-to-merchant (P2M) UPI transactions was increased to ₹2,000 crore in the financial year 2026-27 (FY27) from ₹437 crore in FY26.  READ MORE