Indian shares sink on budget day as derivatives tax hike, lack of foreign flow measures weigh

By Bharath Rajeswaran and Vivek Kumar M Feb 1 (Reuters) - Indian shares slumped on Sunday after the federal budget proposed hiking the securities transaction tax (STT) on derivatives and offered no ...

Budget 2026: STT to 0.05%, tax receipts hit ₹28.7L cr

India's Union Budget 2026 balances taxpayer relief with revenue targets, hiking securities transaction charges to 0.05% while projecting direct tax receipts at ₹28.7 lakh crore to fund growth ...