Stock Market Crash Budget 2026: The country’s Finance Minister Nirmala Sitharaman presented the budget today i.e. on 1 February. In such a situation, many questions were roaming in the minds of people regarding the market, there was silence everywhere before the budget, but as soon as STT was increased through F&O in the budget, the Sensex fell. Now people might be wondering what this STT is, so let me tell you that whenever an asset is bought or sold, the tax charged on its transaction is called STT.

Sensex below 2000 points

In the budget given by Sitharaman, STT has been increased through F&O. It was also increased last year and this time it has been increased from 0.1 to 0.15. As soon as this announcement was made, the stock market came down with a bang. Sensex fell below 2,000 points and Nifty is trading down 700 points. In such a situation, people have suffered a loss of Rs 10 lakh crore.

There is chaos at other places also. Whereas a huge decline is being seen in Vedanta, Hindustan Zinc and Hindustan Copper. Nifty is below 24,800, while Sensex is working below 80,500.

Which shares are active?

Among the companies included in Sensex, shares of Sun Pharma rose by about 3%. Apart from this, shares of Bharat Electronics, Power Grid, NTPC and HDFC Bank also gained. On the other hand, shares of Infosys, Tata Steel, Eternal and Tech Mahindra closed in the red.

international market conditions

Asian markets will remain closed today due to Sunday. US markets closed with weakness on Friday. According to the data, foreign institutional investors (FIIs) were buyers on Friday and bought shares worth a net of Rs 2,251.37 crore.

The post ‘Tsunami’ of devastation in the stock market, know what is STT, which drowned investors’ 10 lakh crores appeared first on Latest.