BSE, Angel One Shares Crash 10% After Budget 2026 STT Hike

• Shares of BSE, Angel One, and Grow plummeted up to 10% on February 1 following the Budget 2026 announcement.
• Finance Minister Nirmala Sitharaman increased Securities Transaction Tax (STT) on futures from 0.02% to 0.05% and on options from 0.1% to 0.15%.
• The Nifty Capital Market Index dropped by 6%, with MCX, Nuvama, and NAM-India also seeing declines.
• Experts warn that increased STT will raise trading costs, reduce liquidity, and negatively impact derivatives volume and brokerage firm revenues.
• Market expectations for relief in STT, STCG, or LTCG were unmet, leading to a negative market reaction.

Why It Matters: Budget 2026's STT hike on derivatives caused a market downturn, impacting brokerage shares and trading volumes.