Brief by Shorts91 Newsdesk / 11:45am on 01 Feb 2026,Sunday Business
Indian stock markets closed sharply lower on Budget day after investors reacted to tax and investment signals. The Sensex fell 1,546.84 points to 80,722.94 and the Nifty50 dropped 495.20 points to 24,825.45. Losses widened after the Finance Minister’s speech. Market experts pointed to three clear reasons. First, the Budget proposed a higher securities transaction tax on futures and options trades. Second, there were no major new incentives for foreign portfolio investors. Third, foreign investors have continued to pull money out of Indian equities in recent months. PSU bank and metal stocks saw the heaviest selling during the session. (PC: India Today)
