India, Feb. 1 -- Sensex and Nifty - Indian stock market indices - crashed on Sunday after finance minister Nirmala Sitharaman proposed in her Union Budget 2026 speech raising securities transaction tax on commodity Futures and Options (F&O) trading.

Sensex closed 1546.84 points lower, recovering slightly from the drop of 1700 points after the announcement of STT hike. NSE was down 495.20 points (-1.96 per cent) at 24,825.45.

The stock market crash on Sunday was led by shares of brokerage-related companies that nosedived 18 per cent after finance minister Nirmala Sitharaman proposed raising securities transaction tax on commodity Futures and Options.

On the BSE, shares of Multi Commodity Exchange (MCX) fell 18.08 per cent to Rs.2,068.40...