Indian shares sink on budget day
February 02, 2026 00:00:00
Indian shares slumped on Sunday after the federal budget proposed hiking the securities transaction tax (STT) on derivatives and offered no major measures to attract foreign investment, reports Reuters.
The Nifty 50 fell 1.96 per cent to 24,825.45, while the BSE Sensex lost 1.88 per cent to 80,722.94, marking their worst budget-day performance in six years.
Fifteen of 16 major sectors ended in the red. The small-caps and mid-caps slid 2.7 per cent and 2.2 per cent, respectively.
