New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, proposed to increase Security Transaction Tax (STT) on Futures & Options (F&O) transactions.

Sitharaman proposed to raise the STT by more than 50% on futures to 0.05% from 0.02% and to 0.15% from 0.01% earlier on options transactions.

The announcement led to a sharp fall in the equity market, with the benchmark Sensex crashing more than 2,000 points, and Nifty 50 slipping below 24,600 level.

Meanwhile, BSE share price and Angel One shares declined as much as 10% each, Groww shares declined over 9% and IIFL Finance stock price fell 4.9% after FM Sitharaman announced proposal to raise securities transaction tax on futures and options trading.

Shripal Sh...