Rs 6 lakh crore wiped out! Sensex down 1,000 points, Nifty below 25,000; Why did the stock market crash after Budget?

Indian stocks fell sharply in Sunday’s special trading session after the Union Budget 2026 raised STT on futures and options. The steep hike in derivatives taxes triggered a broad sell-off, as investors worried about lower trading volumes and earnings pressure for exchanges and retail brokerages.