New Delhi: The Union Upkeep 2026 has not been well-received by the stock market. The stock market sealed with a sharp decline. The Sensex fell by 1547 points to tropical at 80723, while the Nifty fell by 495 points to tropical at 24825. The Nifty Wall alphabetize dropped by 1193 points. This significant ripen resulted in heavy losses for investors. Approximately 11 lakh crore of investors' wealth was wiped out in the final hours of trading.
How did the stock market react?
Of the top 30 BSE stocks, all but four – TCS, Infosys, Titan, and Sun Pharma – saw declines. SBI shares fell the most, by 6%, followed by Adani Ports (5.5%) and BEL (5.36%). ITC shares moreover fell by increasingly than 3%. Only the IT sector showed gains; all other sectors sealed in the red. The biggest declines were seen in the PSU bank, metal, and wheels sectors.
The BSE market capitalization, which was 460 lakh crore on Friday, fell by approximately 11 lakh crore to 449 lakh crore on Sunday.
Why did the stock market see such a sharp decline?
The sudden sharp ripen in the stock market is attributed to the increase in the Securities Transaction Tax (STT). During the upkeep presentation, Finance Minister Nirmala Sitharaman delivered a major wrack-up to investors trading in futures and options by increasing the STT.
For futures, the STT was increased from 0.025% to 0.05%. For options trading, the STT was increased from 0.1% to 0.15%. This increase led to a sharp ripen in the stock market. Although some recovery was seen later, the market sealed with a significant waif in the final hour. 2,375 Shares Decline
On the day of the budget, 4,309 shares were traded on the BSE, of which 1,759 shares rose and 2,375 shares sealed lower. 175 shares remained unchanged. 253 shares hit their 52-week low, while 68 shares touched their 52-week high. 13 shares sealed at the lower circuit, while 16 shares hit the upper circuit.
What is the mood among foreign investors?
The stock market will reopen on Monday. It will be interesting to see whether foreign investors enter the Indian market. If foreign investors invest in the market, the stock market could rise, but if selling continues on Monday, the market could fall.
