Stock market crash on Budget Day: IRCTC, Patanjali Foods, ITC, IREDA among 210 stocks that hit 52-week low on NSE

NIFTY50 and SENSEX saw a substantial fall on Sunday’s special trading session held on account of Budget 2026. Benchmark indices snap their 3-day winning streak as investors revert to profit booking following the conclusion of Budget 2026.

NIFTY50 closed 495 points or 1.9% lower at 24,825, with a day low of 24,571 Meanwhile, BSE SENSEX declined 1546 points or 1.8% to close at 80,722. SENSEX hit a day low of 79,899 today.

Ahead of the Union Budget 2026, NIFTY50 and SENSEX were trading higher. However, Finance Minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on futures and options, which made investors nervous.

STT on futures contracts would be raised to 0.05% from 0.02% earlier, while STT on options premiums and exercise of options are both proposed to be raised to 0.15% from the present rate of 0.1% and 0.125%, respectively. As per experts, the government's move is aimed at curbing excessive speculation in the futures and options (F&O) segment.

What are Securities Transaction Tax (STT)?

Securities Transaction Tax (STT) is a government-imposed tax on trading activities in India. STT is levied on equity, derivatives, ETFs and mutual fund transactions. STT is collected only when a transaction is executed on the exchange. STT rate varies depending on the type of asset class and transaction type. Hence, the STT rate imposed on delivery-based equity trades or intraday trades varies from the rate imposed on futures or options. Budget 2026 announced a hike in the STT rate, which could directly impact F&O trading activity, as a rise in the STT rate led to an increase in the overall cost of each trade.

The volatility index, or India VIX, is up 10.7% to 15.10. Among NIFTY sectoral indices, NIFTY PSU Bank (-5.5%), NIFTY Metal (-4.0%) and NIFTY Financial Services (-3.1%) were the top losers, while NIFTY IT (+0.5%) was the sole gainer today.

Bharat Electronics (-6.0%), Hindalco (-5.7%), ONGC (-5.5&) were the top three NIFTY50 losers, while Wipro (+2.1%), Max Healthcare (+1.8%) and TCS (+1.7%) were among the top gainers. Six NIFTY50 stocks advanced, while 44 stocks declined today.

Prominent stocks at 52-week low today