The central government presented the union budget for 2026 in the Parliament today and there were a series of pretty significant announcements made by finance Minister Nirmala Sitaraman.
On a related note, stock market which generally remains closed on Sunday, was opened for operations today due to the initiation of the budget in the parliament.
Strangely, the stock market, which is expected to witness a bullish trend during the announcement of the budget went the other way as a bad crash was observed across all the major markets.
Both Nifty 50 and BSE Sensex crashed over 2% in a single day, indicating a bad trend post the announcement of the budget.
Market experts are saying that the securities transaction tax that is announced by the finance minister will adversely affect the market in the day to follow as futures and options traders are sceptical about the same.
Nifty50 ended below 25,000 at. 24,825 while BSE Sense ended at 80,722. Considering the negative trend that was observed on Sunday, it is now expected that the crash is expected to sustain on Monday as well.
This post was last modified on 1 February 2026 6:44 pm
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