Budget Day Bloodbath: Sensex Plunges 1550 Points, Investors Lose ₹11 Lakh Crore

• The stock market experienced its biggest Budget Day fall in six years, with the Sensex plummeting 1546.84 points (1.88%) to close at 80,722.94.
• The Nifty also saw a significant decline, closing down 495.20 points (1.96%) at 24,825.45, after falling nearly 749 points during trading.
• Investors' wealth, measured by BSE market capitalization, eroded by approximately ₹11 lakh crore due to intense selling pressure.
• The proposed increase in Securities Transaction Tax (STT) on derivatives, from 0.02% to 0.05% for futures, contributed to the market downturn.
• Banking, heavyweight shares like SBI and Adani Ports, along with midcap and smallcap indices, bore the brunt of the selling.

Why It Matters: Budget Day 2026 saw a massive market correction, driven by profit-booking and increased STT on derivatives.