India, Feb. 1 -- Finance minister Nirmala Sitharaman on Sunday announced a hike in STT (Securities Transaction Tax) on Futures and Options, a move likely to impact derivatives trading costs. Sensex and Nifty crashed after the announcement and the conclusion of Sitharaman's Budget speech.

The government will also tax buyback proceeds for all types of shareholders as capital gains, FM Sitharaman announced.

Finance minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in Parliament, unveiling the government's fiscal strategy for the coming year. Track Budget speech live updates here

Benchmark indexes Sensex and Nifty lost the gains after a hike in the securities transaction tax on derivatives announced in the Union Budg...