Post-Budget Bloodbath: Sensex Crashes 1500 Points While Nifty Slumps 356 Points

Market Reels Under Budget Shock: Sensex Plummets Nearly 1500 Points and Nifty Drifts Lower by 356 Points.

Stock Market Plunge

The stock market witnessed a sharp sell-off following Finance Minister Nirmala Sitharaman’s Union Budget 2026 announcements. A sudden hike in Securities Transaction Tax (STT) on F&O trades triggered this massive decline. Both benchmark indices, Sensex and Nifty, hit their lowest points of the day shortly after the news.

Sensex and Nifty Crash Together

The BSE Sensex hit a low of 81,129, recording a massive drop of 1,140 points or 1.39%. Simultaneously, the NSE Nifty 50 slipped by 356 points to trade around the 24,965 mark. During her budget speech, FM Sitharaman stated, “STT on future trades will be hiked from 0.02% to 0.05%.” Furthermore, she proposed raising the STT on options premiums from 0.1% to 0.15%. This decision hit market sentiment hard. Broader indices also felt the pain as Nifty Midcap 100 fell 2.7%. Meanwhile, the Nifty Smallcap 100 index faced a steeper decline of 3.4% today.