Stock Market highlights: Sensex, Nifty 50 see worst budget day in six years

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Budget 2026 stock market LIVE updates: India's two benchmark equity indices, the Sensex of the Bombay Stock Exchange (BSE) and Nifty of the National Stock Exchange (NSE), saw the worse budget day in the last six years as the stock market crashed on Sunday afternoon after finance minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on Sunday.

This is a record ninth consecutive time Sitharaman is presenting the budget.

Finance minister's Budget speech made a key ₹10,000 crore allocation for the biopharma sector, following which, firms such as Max Health and Sun Pharma were among the major gainers on Sunday morning.

Budget 2026 stock market LIVE updates: The ministry of railways has been allocated a capital expenditure of ₹2,93,030 crore, while a total outlay of ₹2,78,030 crore has been set aside for the ministry in the Union Budget 2026-27 in what was the highest-ever allocation for Railways.

The government has announced a capital spending plan of ₹2,93,030 crore for Indian Railways. At the same time, an overall outlay of ₹2,78,030 crore has been set aside for the ministry.

Budget 2026 stock market LIVE updates: 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 ₹2,068.40, while Billionbrains Garage Ventures, the parent company of Groww, plunged 13 per cent to ₹154, and IIFL Capital Services declined 10.4 per cent to ₹296.10 apiece, according to data cited in a PTI news agency report.

Angel One's stock dropped 11.84 per cent to ₹2,237.95, and Anand Rathi Share And Stock Brokers depreciated 8.05 per cent to ₹532.15.

Meanwhile, a proposal offering tax holiday for foreign companies providing cloud services globally from India-based data centers through 2047 came s a boost for cloud infrastructure companies. Shares of Anant Raj Ltd., which is heavily investing in data centers, jumped as much as 14.2 per cent, a Bloomberg report said. Read more.

Budget 2026 stock market LIVE updates: With the presentation of the Union Budget 2026, several items are expected to get cheaper and some others costlier for Indian consumers. As finance minister Nirmala Sitharaman presented the budget in Parliament today, she spoke about some items on which the government is planning to reduce customs duty.

She also mentioned some import items from other countries on which the government was considering lowering tariffs, which would in turn cost cheaper for consumers in India.

Here's a list of items expected to get cheaper:

-Personal use imported goods

-17 drugs or medicines for cancer patients

-Drugs, medicines and Food for Special Medical Purposes (FSMP) for 7 rare diseases

-Leather items (footwear)

-Textile garments

-Seafood products

-Overseas tour package

-Lithium-Ion Cells for batteries

-Solar glass

-Critical minerals

-Biogas-blended CNG

-Aircraft manufacturing components

-Microwave oven

-Foreign education

A list of items expected to get costlier:

-Alcohol

-Cigarettes

-Nuclear Power Projects components

-Minerals, iron ore, coal

-Misreporting of income tax

-Stock options and future trading

Budget 2026 stock market LIVE updates: As of 3.40 pm on Sunday, the BSE was down 1546.84 (-1.88%) points at 80,722.94, while the NSE was down 495.20 points (-1.96%) at 24,825.45.

Budget 2026 stock market LIVE updates: Ashish Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), said on Sunday that the stock markets will absorb the changes in Securities Transaction Tax (STT) and gradually adjust, with no significant impact on the asset quality of stock brokers or exchange-listed entities.

"Overall, the market tends to absorb such changes in its own way and gradually adjusts. Going forward, the asset quality of stock brokers and exchange-listed entities will not be significantly impacted," he said, adding that India's growth momentum is far stronger than these changes.

Budget 2026 stock market LIVE updates: Puneet Chandok, President of Microsoft India and South Asia, said that the the Union Budget 2026 sets a clear direction for India’s next phase of growth, with AI, digital infrastructure, and services positioned as central to national progress. By placing AI at the heart of economic and governance priorities, the Government has signalled its commitment to building a more productive, competitive, and technology‑led economy.

“The Budget’s focus on data centres, cloud and AI infrastructure is equally significant. Long‑term policy certainty recognises that digital infrastructure is now strategic national infrastructure. As AI adoption accelerates across sectors, secure and resilient compute capacity will underpin public services, enterprise innovation, and long‑term competitiveness,” he said.

“At Microsoft, our commitments in India closely align with this direction. We are expanding hyperscale cloud and AI infrastructure, including new regions, while continuing to invest in skilling at scale. Our efforts aim to support India’s transition from Digital Public Infrastructure to AI Public Infrastructure, enabling trusted, inclusive innovation with impact across the country,” he added.

Budget 2026 stock market LIVE updates: BEL, Adani Ports, Tata Steel, ITC, Reliance, and Maruti were among the major losers in the NSE, as of 3.03 pm.

Budget 2026 stock market LIVE updates: Hours after finance minister Nirmala Sitharaman presented Budget 2026 in Parliament, Wipro, Max Health, Titan, Sun Pharma, and TCS remained among the major gainers in the National Stock Exchange, as of 2.22 pm.

Budget 2026 stock market LIVE updates: Shares of brokerage-related companies nosedived 18 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed raising securities transaction tax on commodity futures to 0.05 per cent from 0.02 per cent in the Union Budget 2026-27.

On the BSE, shares of Multi Commodity Exchange (MCX) tumbled 18.08 per cent to ₹2,068.40, while Billionbrains Garage Ventures, the parent company of Groww, plunged 13 per cent to ₹154, and IIFL Capital Services declined 10.4 per cent to ₹296.10 apiece.

Angel One's stock dropped 11.84 per cent to ₹2,237.95, and Anand Rathi Share And Stock Brokers depreciated 8.05 per cent to ₹532.15. (PTI)

Budget 2026 stock market LIVE updates: The benchmark equity indices, the Sensex of the Bombay Stock Exchange (BSE) and Nifty of the National Stock Exchange (NSE), are on way to recovery after suffering a crash on Saunday afternoon post FM Nirmala Sitharaman's speech.

However, both the indices still remain in red. As of 1.13 pm, BSE was down by 653.47 points at 81,616.31 and NSE was down by 227.60 points at 25,093.0.

Budget 2026 stock market LIVE updates: As of 12.44 pm on Sunday, only HDFC, Sun Pharma, TCS were among major gainers in BSE while Titan, Axis Bank, ITC, BEL were among major losers.

Finance minister Nirmala Sitharaman on Sunday announced 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. Read more.

Budget 2026 stock market LIVE updates: Both Sensex and Nifty witnessed drops during FM Nirmala Sitharaman's Budget 2026 speech.

As of 12.31 pm, BSE dropped 1.87% to 80,731.49, and NSE dropped 2.42% to 24,597.

Budget 2026 stock market LIVE updates: The finance minister proposed a tax holiday until 2047 for any foreign company that sets up data centres in India for the world. A safe harbour of 15% on cost for companies provided data services from India is a related entity.

Budget 2026 stock market LIVE updates: Finance Minister Nirmala Sitharaman proposes to increase time limit for filing revised I-T return from December 31 to March 31, on payment of nominal fee.

Budget 2026 stock market LIVE updates: Finance Minister Nirmala Sitharaman proposed rule-based automated process for small taxpayers during her Budget 2026 speech.

Finance Minister Nirmala Sitharaman, while presenting the Budget 2026 in the Parliament, said that the government will support states, through the challenge route, in creating five university townships in the vicinity of major industrial and logistics corridors.

“These planned academic zones will host multiple universities, colleges and research institutions, skill centres, and residential complexes. In higher education, particularly in STEM institutions, prolonged hours of study and laboratory work pose challenges for girl students. Through VGF (Viability Gap Funding) and capital support, one girls’ hostel will be established in every district. To promote astrophysics and astronomy through immersive experiences, four telescope infrastructure facilities will be set up or upgraded: the National Large Solar Telescope, the National Large Optical–Infrared Telescope, the Himalayan Chandra Telescope, and the COSMOS II Planetarium,” she said.

Budget 2026 stock market LIVE updates: Among the major losers of the National Stock Exchange as FM Nirmala Sitharaman presented Budget 2026 in the Parliament are Coal India, Titan, Tata Steel, and others. Check full list.

Budget 2026 stock market LIVE updates: Maxhealth, Sunpharma were among the top 20 gainers in NSE after finance minister's key announcement for biopharma. See full list of gainers.

Budget 2026 stock market LIVE updates: During her Budget 2026 presentation in the Parliament, finance minister Nirmala Sitharaman proposed ₹10,000 crore investment in the biopharma sector over the next five years.

What are Biopharmaceuticals?

Biopharmaceuticals, or biologics, are complex medicines manufactured from living organisms, cells, or tissues rather than through chemical synthesis, reported PTI.

Budget 2026 stock market LIVE updates: Shares of Dixon Technologies, Amber Enterprises and Syrma SGS Technology shares jumped by 4% each after finance minister Nirmala Sitharaman announced ₹40,000 crore outlay for electronics components manufacturing during Budget 2026 presentation.

Budget 2026 stock market LIVE updates: In Finance Minister Nirmala Sitharaman's Budget presentation, biopharma remains in key focus.

“India's disease burden is observed to be shifting to non-communicable diseases,” she said.

“Biologic medicines are key to longevity. To develop India's global bio-pharma hub, propose Biopharma Shakti with `10,000 cr outlay over,” she added.

Budget 2026 stock market LIVE updates: Nirmala Sitharaman said that this year's Budget is inspired by three ‘kartavyas’-

First - accelerate and sustain economic growth by enhancing competitiveness

Second - to fulfill aspirations of our people

Third - to ensure that every family, community, region has access to resources, opportunities