India Shares Hit 4-Month Low After Budget Sell-Off

EthereumCraftsman · 2026-02-02T05:50:18+00:00

The BSE Sensex fell by 123 points to 80,560, its lowest since September 30, after a sell-off following a budget announcement. The index dropped nearly 2% the prior session, impacted by a securities tax hike and rising bond yields, with losses in major sectors.

EthereumCraftsman

2026-02-02 05:50:18

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The BSE Sensex dropped 123 points, or 0.2%, to 80,560 in morning trade on Monday, hitting its lowest level since September 30, following a broad-based sell-off during Sunday’s special trading session after Finance Minister Nirmala Sitharaman announced a hike in the securities transaction tax on futures and options in the Budget 2026. The benchmark index fell about 2% in the previous session, logging its biggest percentage drop on a budget-day trading session in six years, as investors digested the government’s budget for fiscal year 2026–27. A higher gross borrowing target, which triggered a spike in bond yields, also pressured market sentiment. Traders also anticipated the release of US jobs data later this week. Most sectors traded in the red, led by technology, banking, and auto stocks. Among individual stocks, State Bank of India fell 1.9%, Titan dropped 1.7%, ITC declined 1.6%, Infosys slid 1.5%, and Hindustan Unilever fell 1.2%.

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