Budget Announcement Crashes Share Market by 2300 Points; STT Hike Shocks Investors

• Finance Minister Nirmala Sitharaman's budget increased Security Transaction Tax (STT) on stock market transactions.
• The STT hike, particularly on Futures and Options (F&O) from 0.1% to 0.15%, triggered a market crash.
• Sensex plummeted by 2300 points and Nifty by 800 points following the announcement.
• Metal shares like Vedanta, Hindustan Zinc, Hindustan Copper, and Hindalco, along with platforms like BSE and Groww, saw significant declines.
• Defense sector stocks such as BEL, Mazagon Dock, Cochin Shipyard, and HAL gained over 2% despite the overall market downturn.

Why It Matters: A budget announcement increasing STT led to a massive stock market crash, impacting most sectors negatively.