The Union Budget 2026 raised STT on futures and options from April 1, 2026. ICRA expects a 16 percent rise in STT collections in financial year 2027. Derivatives volumes cross 500x GDP in India hence the government said the move aims to curb excessive speculation

Mumbai’s stock markets recovered in early trade on Monday, with the Sensex climbing 302 points to 81,024.94 and the Nifty rising 59.25 points to 24,884.70, following sharp declines on Budget day. Gains were driven by value-buying in blue-chip firms such as Adani Ports, Larsen & Toubro, Asian Paints, Bharat Electronics, Reliance Industries