Mumbai, Feb. 1 -- The key equity indices witnessed bloodbath during the special trading session on Sunday following the presentation of Union budget 2026 by Finance Minster Niramal Sitharaman, her ninth consecutive Union Budget in the Lok Sabha, becoming the first finance minister in India to do so. The speech stayed largely market-friendly on the big picture - sticking to a fiscal deficit glide path of 4.4% in FY26 and 4.3% in FY27, lifting capex to about Rs 12.2 lakh crore, and reiterating a declining debt-to-GDP trajectory - which ordinarily would have reassured investors. But the sharp hike in Securities Transaction Tax on futures and options trades, with STT on futures lifted from 0.02% to 0.05% and on options to 0.15%, landed as a d...
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