Rs 6 lakh crore wiped out! Sensex down 1,000 points, Nifty below 25,000; Why did the stock market crash after Budget?
The Economic Times·2026-02-01 07:27
The BSE The market capitalisation of all listed companies on the BSE decreased by Rs 6 lakh crore to Rs 453.87 lakh crore.Under the Budget 2026 proposals, the STT on futures contracts will rise to 0.05% from 0.02%, while the tax on options premiums will increase to 0.15% from 0.10%. The levy on options exercised will also climb to 0.15% from 0.125%.The measures mark a meaningful increase in trading costs for derivatives investors and threaten to curb volumes in a segment that has expanded rapidly in recent ...