Post-Budget Tsunami in Share Market: Investors Lose ₹10 Lakh Crore; Sensex Drops 1546, Nifty 495 Points

Published on: 01 Feb 2026 at 05:43 PM

Published by: Gill Bikram

Post-Budget Tsunami in Share Market: Investors Lose ₹10 Lakh Crore; Sensex Drops 1546, Nifty 495 Points

New Delhi: February 1, 2026

A massive upheaval hit the Indian stock market today following the announcements in the Union Budget 2026. The decision to hike the Securities Transaction Tax (STT) on Futures and Options (F&O) triggered a tsunami-like crash, wiping out nearly ₹10 lakh crore of investors’ wealth in minutes. The BSE Sensex plummeted about 2300 points from its day’s high, closing with a 1546-point drop at 80,722. Similarly, the NSE Nifty fell 495 points to end at 24,825.

The worst impact was seen on public sector undertaking (PSU) banks, metals, and media sectors. PSU bank index recorded the steepest fall of 5.57%, with State Bank of India (SBI) dropping 5.61% as the biggest loser. Bank Nifty, auto, and FMCG sectors also closed down over 2%. STT hike battered shares of stock exchange platforms like Groww and Angel One, which collapsed like a house of cards.

Of the 30 Sensex stocks, only IT giants like TCS and Infosys, along with Sun Pharma and Titan, managed to close in the green. On the flip side, heavyweights such as Adani Ports, Reliance, Tata Steel, and ITC saw declines of 3% to 5%. Experts attribute the carnage to changes in the tax structure and the market’s unmet expectations, prompting large-scale selling by investors.