Good morning!
Hello and welcome to our live coverage of Indian stock markets, where we follow the Sensex and Nifty after the Budget day session and the proposed rise in the Securities Transaction Tax on derivatives.
Early signals were steady. GIFT Nifty, a gauge of Nifty 50's early direction, was little changed at 24,852 as of 6:50 a.m.
Indian shares finished lower on Sunday, Feb. 1, as traders booked profits after the Budget proposal raised the Securities Transaction Tax on futures and options trades. Both benchmark indices dropped nearly 3% at the day's low.
Nifty closed down 495.20 points, or 1.96%, at 24,825.45, its worst Budget day since 2020. Sensex ended down 1,546.84 points at 80,722.94, also its worst Budget day since 2020.
The Budget 2026 proposal lifts the Securities Transaction Tax on derivatives. The government said the change targets excessive speculation in the futures and options segment. The proposal drove a sharp fall in equities during the special session and added to market concerns.
Nifty slipped below 24,600 during trade but settled above 24,800. The market ended a volatile day in the red and extended losses for a second session.
Follow our minute-by-minute coverage for live moves in the Sensex and Nifty, key Budget developments, and the market response to the Securities Transaction Tax changes in futures and options.
