Brief by Shorts91 Newsdesk / 07:45am on 01 Feb 2026,Sunday Business
Indian stock markets first fell and then recovered partly after the Union Budget 2026 announcements. Sensex and Nifty dropped when the finance minister increased the tax on futures trading from 0.02% to 0.05%, which makes these trades more expensive. After the early fall, some large stocks saw buying and helped markets recover. HDFC, Sun Pharma, and TCS were among the main gainers during the session. Titan, Axis Bank, and ITC were among the major losers. The budget also announced ₹10,000 crore support for the biopharma sector, which pushed some pharma shares higher. Markets were open Sunday due to the Budget. (PC: HT)
