[{"data":1,"prerenderedAt":237},["ShallowReactive",2],{"story-86934-tw":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":10,"content":46,"questions":47,"relatedArticles":72,"body_color":235,"card_color":236},"86934",null,"India STT Tax Hike 2026 | Working Capital Crisis for Cross-Border Sellers","- Nifty50 crashes 2.33% as STT on futures jumps 150%, options 650%; liquidity squeeze threatens seller financing access and FX hedging costs",[9],"https://news.google.com/api/attachments/CC8iK0NnNWlZVzB6WlVkTUxXVlZNMEZaVFJDZkF4ampCU2dLTWdZaEFJUlpnQTA",[11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45],"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ioX3E0lDyqws/v1/-1x-1.webp","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/it6q22AUR0IA/v0/1200x800.jpg","https://static.toiimg.com/thumb/msid-127840251,width-1280,height-720,imgsize-1246296,resizemode-4,overlay-toi_sw,pt-32,y_pad-600/photo.jpg","https://www.hindustantimes.com/ht-img/img/2026/02/01/1600x900/logo/nirmala_sitharaman_income_tax_budget_2026_1769928005167_1769928005521.jpg","https://cassette.sphdigital.com.sg/image/straitstimes/260364489400beae68331c215d52acd5014124e63de68fe64a006a4994c34dca","https://www.indiaherald.com/imagestore/images/breaking/134/stt-ltcg-and-the-price-of-votes-how-markets-became-a-cash-cowbd0b5edc-256d-4776-99bc-39f7ca8f7c42-415x250-IndiaHerald.jpg","https://www.hindustantimes.com/ht-img/img/2026/02/01/1600x900/logo/why_sensex_crashed_1769942121228_1769942121382.jpg","https://prod-iifl-assets.storage.googleapis.com/2026/02/Nirmala-Sitharaman-Banner-768x434.jpg.webp","https://images.indianexpress.com/2026/02/nirmala-sitharaman-2_20260201191935_20260201194946_20260201202515.jpeg","https://akm-img-a-in.tosshub.com/businesstoday/images/story/202602/698015853bb95-goldman-sachs-said-stock-markets-saw-a-volatile-trading-session-on-budget-announcements--with-the-ni-020955426-16x9.jpg?size=1280:720","https://d3pc1xvrcw35tl.cloudfront.net/ln/feedImages/1200x900/b5a442c6b11194f1d40d35bec048eba9_202602.jpg","https://static.toiimg.com/thumb/msid-127849871,width-1280,height-720,imgsize-68418,resizemode-4,overlay-toi_sw,pt-32,y_pad-600/photo.jpg","https://media.newindianexpress.com/newindianexpress%2F2026-02-01%2Fj1nnqono%2FWhatsApp-Image-2026-02-01-at-11.07.37-AM.jpeg?rect=0%2C0%2C1005%2C565&w=1200&h=675&auto=format%2Ccompress&fit=crop","https://www.tribuneindia.com/sortd-service/imaginary/v22-01/jpg/large/high?url=dGhldHJpYnVuZS1zb3J0ZC1wcm8tcHJvZC1zb3J0ZC9tZWRpYTZlZDU1NmEwLWZmNWEtMTFmMC05ZTU3LWE1YjYwZTQ0ZTg4ZS5qcGc=","https://m.economictimes.com/thumb/msid-127839700,width-1200,height-900,resizemode-4,imgsize-43456/your-arbitrage-fund-returns-will-fall-by-about-0-5-next-year-due-to-this-increased-stt-deepak-shenoy.jpg","https://media.assettype.com/deccanherald%2F2026-02-01%2F3v89tdin%2Ffile84dvqnym6kxdrttplh.jpg?w=undefined&auto=format%2Ccompress&fit=max","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iIukjskeU8ZY/v1/-1x-1.webp","https://th-i.thgim.com/public/incoming/et41vl/article70577936.ece/alternates/LANDSCAPE_1200/IMG_ias_2_1_U9E91R8S.jpg","https://static.toiimg.com/thumb/msid-127851606,width-1280,height-720,imgsize-93070,resizemode-4,overlay-toi_sw,pt-32,y_pad-600/photo.jpg","https://im.rediff.com/1200-900/money/2021/jan/29investment.jpg","https://staticprintenglish.theprint.in/wp-content/uploads/2026/02/Untitled-design-25.png","https://www.eqimg.com/tm/images/2025/01272025-tm-image-equitymaster.jpg","https://static.toiimg.com/thumb/msid-127836505,width-1280,height-720,imgsize-86834,resizemode-4,overlay-toi_sw,pt-32,y_pad-600/photo.jpg","https://www.livemint.com/lm-img/img/2026/02/02/1600x900/logo/Budget-2026--BSE-1_1769945550259_1769945568679_1769999848478.JPG","https://images.cnbctv18.com/uploads/2026/01/market-crash-2026-01-5f0575793fc0887aec61e1c0175ee8d8.jpg?impolicy=website&width=1200&height=900","https://images.financialexpressdigital.com/2026/02/Untitled-design-2.png","https://images.news18.com/ibnlive/uploads/2026/01/why-stock-market-is-down-2026-01-71c20645c5d46e79fb37aa671e10994f.jpg","https://m.economictimes.com/thumb/msid-127847417,width-1200,height-900,resizemode-4,imgsize-10566/why-sitharamans-ninth-budget-chose-continuity-over-courage.jpg","https://static.toiimg.com/thumb/msid-127849518,width-1280,height-720,imgsize-62756,resizemode-4,overlay-toi_sw,pt-32,y_pad-600/photo.jpg","https://bl-i.thgim.com/public/incoming/f44cmf/article70577355.ece/alternates/LANDSCAPE_1200/iStock-1409383663.jpg","https://www.nasdaq.com/sites/acquia.prod/files/2019-05/0902-Q19%20Total%20Markets%20photos%20and%20gif_CC8.jpg","https://image.telanganatoday.com/wp-content/uploads/2025/06/Markets-rally-in-initial-trade-on-foreign-fund-inflows-buying-in-Reliance-ICICI-Bank_V_jpg--442x260-4g.webp?sw=412&dsz=442x260&iw=392&p=false&r=2.625","https://www.livemint.com/lm-img/img/2026/02/01/1600x900/logo/2-0-1425404365-bse--4--0_1679747761006_1769964696532.JPG","https://bsmedia.business-standard.com/_media/bs/img/article/2026-02/01/full/1769966532-4464.jpg","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixl1QvXUj980/v1/-1x-1.webp","India's February 1, 2026 budget announcement of aggressive **Securities Transaction Tax (STT) increases** creates a cascading financial crisis for cross-border e-commerce sellers operating in or financing through Indian markets. The government raised **STT on equity futures from 0.02% to 0.05% (150% increase)** and **options premiums/exercise to 0.15% (650% increase)**, triggering immediate market collapse: **Nifty50 fell 593 points (2.33%)** and **BSE Sensex dropped 1,843 points (2.23%)** in emergency trading. This represents the second consecutive year of derivatives tax escalation, signaling India's commitment to regulatory tightening.\n\n**The hidden impact on seller working capital is severe.** Many Indian suppliers and cross-border sellers use equity derivatives for **FX hedging against rupee volatility**—a critical risk management tool when managing USD/INR exposure. The STT hike increases hedging costs by 150-650% depending on instrument choice, making currency protection prohibitively expensive. For a seller managing $500K in monthly cross-border revenue, hedging costs could jump from $250-500/month to $625-3,750/month. This forces sellers to either absorb FX risk or reduce hedging, exposing them to rupee depreciation that directly compresses margins.\n\n**Liquidity contraction threatens seller financing access.** The market crash and reduced derivatives activity will dampen trading volumes, reducing market liquidity. This directly impacts **invoice financing, supply chain finance, and working capital loans** that Indian fintech lenders (like Razorpay, Instamojo, and traditional banks) price based on market liquidity and risk premiums. Lenders will tighten credit terms, increase APR rates by 50-150 basis points, and reduce maximum loan amounts. Sellers relying on 30-60 day invoice financing to bridge payment gaps will face 15-25% higher costs or reduced access entirely. Small-cap stocks fell ~3% and midcap ~2%, indicating distress among mid-market suppliers who depend on equity-linked financing.\n\n**Payment processing and cross-border settlement costs will rise.** As market sentiment deteriorates and rupee volatility increases, **payment processors and remittance providers will widen their FX spreads** by 20-40 basis points to compensate for increased hedging costs. Sellers sending USD payments to suppliers or receiving payments from international buyers will pay 0.5-1.5% more in FX conversion fees. For a $100K monthly payment, this adds $500-1,500 in unnecessary costs. Additionally, **banking partners will increase compliance costs** as regulatory scrutiny intensifies—expect 5-10% higher wire transfer fees and slower settlement (2-3 additional days).",[48,51,54,57,60,63,66,69],{"title":49,"answer":50,"author":5,"avatar":5,"time":5},"What is the long-term strategic impact on India's cross-border e-commerce competitiveness?","India's second consecutive year of derivatives tax increases signals sustained regulatory tightening that will persistently raise seller financing costs by 50-150 bps annually. This makes Indian suppliers 2-4% more expensive than competitors in Vietnam, Thailand, or Indonesia where derivatives markets remain liquid and hedging costs are 30-50% lower. Sellers will gradually shift sourcing to Southeast Asia or establish supply chains in lower-tax jurisdictions. The policy achieves its goal of reducing speculative trading but creates unintended consequences: reduced cross-border competitiveness, higher working capital costs, and slower cash conversion cycles. Sellers should begin diversifying supplier bases outside India and consider establishing entities in Singapore or Hong Kong for FX management and financing access.",{"title":52,"answer":53,"author":5,"avatar":5,"time":5},"Which seller segments face the highest financial risk from this policy change?","**High-risk segments**: (1) Mid-market suppliers ($5-50M revenue) relying on equity-linked financing—collateral values fell 2-3% immediately. (2) Sellers with >40% USD exposure using derivatives for hedging—costs jumped 150-650%. (3) Inventory-heavy sellers in electronics/apparel requiring 60-90 day financing—access reduced 15-25%. (4) Fintech-dependent sellers using Razorpay/Instamojo working capital—lenders will tighten terms. **Lower-risk segments**: Large exporters ($50M+) with direct bank relationships and natural hedging, sellers with \u003C20% FX exposure, and cash-on-delivery focused sellers. Small sellers (\u003C$1M) face moderate risk if relying on invoice financing. Sellers should immediately assess their financing dependency and diversify lenders.",{"title":55,"answer":56,"author":5,"avatar":5,"time":5},"How should sellers adjust FX hedging strategy after the STT increase?","The 650% increase in options hedging costs makes traditional put/call strategies unaffordable. Sellers should shift to lower-cost alternatives: (1) **Forward contracts** (0% STT impact, locks rates 30-180 days forward), (2) **Natural hedging** (match USD receivables with USD payables to reduce net exposure), (3) **Currency diversification** (invoice in EUR/GBP where possible to reduce INR concentration). For sellers with $500K+ monthly exposure, forward contracts at 0.5-1% cost are 10-15x cheaper than options. Lock in rates immediately before rupee volatility increases further—historical data shows 2-3% depreciation typically follows market crashes.",{"title":58,"answer":59,"author":5,"avatar":5,"time":5},"Which financing products become inaccessible or more expensive for Indian sellers?","Invoice financing (30-60 day terms) will see APR increases of 50-150 basis points and 15-25% reduction in maximum loan amounts as lenders tighten credit amid market volatility. Supply chain finance products will face similar constraints. Equity-linked financing for mid-market suppliers becomes problematic as small-cap stocks fell ~3% and midcap ~2%, reducing collateral values. Trade finance providers will increase margins by 75-125 basis points. Sellers should immediately refinance existing loans at current rates before lenders reprrice, and consider alternative financing like purchase order financing or inventory-backed loans that don't depend on equity market liquidity.",{"title":61,"answer":62,"author":5,"avatar":5,"time":5},"How does the market crash affect supplier financing and inventory working capital?","The Nifty50 crash (2.33% decline) and midcap weakness (~2% drop) reduce collateral values for suppliers seeking inventory financing. Lenders will reduce maximum loan-to-value ratios by 10-15%, cutting available inventory financing by $50-150K for mid-market suppliers. Inventory turnover becomes critical—sellers should reduce SKU count by 20-30% and focus on fast-moving items (BSR \u003C5,000) to minimize inventory financing needs. Supply chain finance providers will increase rates 75-125 bps and tighten payment terms from 60 to 45 days, compressing cash cycles by 15 days. Sellers should accelerate inventory liquidation and shift to just-in-time sourcing where possible.",{"title":64,"answer":65,"author":5,"avatar":5,"time":5},"What immediate actions should sellers take in the next 30 days?","**Week 1**: Lock in forward FX contracts for next 90-180 days of predictable USD/INR exposure at current rates before spreads widen. **Week 2**: Refinance existing invoice financing and working capital loans before lenders reprice (expect 50-150 bps increase). Negotiate fixed rates for 6-12 months. **Week 3**: Audit payment corridors—consolidate high-volume routes to negotiate better rates with processors before spreads widen 20-40 bps. **Week 4**: Shift hedging from options to forwards and natural hedging strategies. Reduce derivatives-based risk management entirely. Monitor rupee daily; if INR weakens >2% further, accelerate USD collections and delay INR payables by 15-30 days.",{"title":67,"answer":68,"author":5,"avatar":5,"time":5},"What payment processing cost increases should sellers expect from this market crash?","Payment processors and remittance providers will widen FX spreads by 20-40 basis points to offset increased hedging costs from the STT hike. For sellers sending $100K monthly in cross-border payments, this adds $500-1,500 in unnecessary FX conversion fees. Wire transfer fees will increase 5-10% as banking partners raise compliance costs amid regulatory tightening. Settlement times will extend 2-3 additional days as banks reduce liquidity. Sellers should immediately lock in forward contracts for predictable payment corridors before spreads widen further.",{"title":70,"answer":71,"author":5,"avatar":5,"time":5},"How does India's STT tax hike directly impact cross-border seller working capital?","The 150-650% STT increase on derivatives eliminates affordable FX hedging for sellers managing USD/INR exposure. Sellers previously hedging $500K monthly revenue at $250-500/month now face $625-3,750/month costs, forcing them to absorb currency risk or reduce hedging entirely. This increases working capital volatility by 2-5% monthly as rupee fluctuations directly compress margins. Additionally, reduced market liquidity from the Nifty50 crash (down 2.33%) tightens invoice financing availability—lenders will increase APR rates 50-150 basis points and reduce maximum loan amounts by 15-25%, directly reducing accessible working capital.",[73,78,82,86,90,94,98,102,106,110,114,119,123,127,131,135,139,143,147,151,155,159,163,167,171,175,179,183,187,191,195,199,203,207,211,215,219,223,227,231],{"id":74,"title":75,"source":76,"logo":36,"time":77},336949,"Bloodbath on D’Street: Nifty slides to 4-month lows, closes below 24,900, Sensex down 1,500 points","https://www.financialexpress.com/market/bloodbath-on-dstreet-nifty-slides-to-4-month-lows-closes-below-24900-sensex-down-1500-points-4127364/","2天前",{"id":79,"title":80,"source":81,"logo":13,"time":77},336948,"STT hike after Budget 2026: What is Securities Transaction Tax & what does it mean for F&O traders and in","https://timesofindia.indiatimes.com/business/india-business/stt-hike-after-budget-2026-what-is-securities-transaction-tax-what-does-it-mean-for-fo-traders-and-investors/articleshow/127839884.cms",{"id":83,"title":84,"source":85,"logo":35,"time":77},336947,"BSE, Groww face earnings risk after STT hike, Jefferies warns","https://www.cnbctv18.com/market/bse-groww-angel-one-share-price-stt-hike-impact-earnings-risk-jefferies-bernstein-19839339.htm",{"id":87,"title":88,"source":89,"logo":5,"time":77},336969,"Indian Stocks Nudge Higher After Budget Bets On Manufacturing","https://finimize.com/content/indian-stocks-nudge-higher-after-budget-bets-on-manufacturing",{"id":91,"title":92,"source":93,"logo":41,"time":77},336946,"Indian Shares Seen Tad Higher At Open","https://www.nasdaq.com/articles/indian-shares-seen-tad-higher-open-2",{"id":95,"title":96,"source":97,"logo":15,"time":77},336968,"India budget makes bet on manufacturing; transaction tax hike spooks markets","https://www.straitstimes.com/asia/south-asia/india-budget-makes-fresh-bet-on-manufacturing-as-it-seeks-to-sustain-growth",{"id":99,"title":100,"source":101,"logo":5,"time":77},336945,"India equity benchmarks seen flat at open, sentiment subdued after budget","https://www.marketscreener.com/news/india-equity-benchmarks-seen-flat-at-open-sentiment-subdued-after-budget-ce7e5bddda81f622",{"id":103,"title":104,"source":105,"logo":14,"time":77},336967,"In big move, Sitharaman raises tax on Futures and Options trading; stock market crashes. Check full details | India News","https://www.hindustantimes.com/india-news/in-big-move-nirmala-sitharaman-raises-tax-on-futures-and-options-transactions-check-full-details-101769927973637.html",{"id":107,"title":108,"source":109,"logo":20,"time":77},336944,"Goldman Sachs: STT, fears of Monday FPI selling drive worst Budget-day selloff in 6 years","https://www.businesstoday.in/markets/stocks/story/goldman-sachs-stt-fears-of-monday-fpi-selling-drive-worst-budget-day-selloff-in-6-years-514121-2026-02-02",{"id":111,"title":112,"source":113,"logo":5,"time":77},336966,"India Plans to Increase Securities Transaction Tax on Futures to 0.05% in Union Budget 2026","https://scanx.trade/stock-market-news/union_budget/india-plans-to-increase-securities-transaction-tax-on-futures-to-0-05-in-union-budget-2026/31474004",{"id":115,"title":116,"source":117,"logo":16,"time":118},336943,"STT, LTCG, and the Price of Votes — How Markets Became a Cash Cow","https://www.indiaherald.com/Breaking/Read/994876236/STT-LTCG-and-the-Price-of-Votes-How-Markets-Became-a-Cash-Cow","1天前",{"id":120,"title":121,"source":122,"logo":37,"time":77},336965,"Market Meltdown: Sensex Tanks 1,547 Points As STT Hike Dents Sentiment; Rs 10 Lakh Crore Eroded","https://www.news18.com/business/markets/stock-market-updates-sensex-drops-1500-points-nifty-breaks-24800-fm-raises-stt-on-fo-in-budget-2026-9871610.html",{"id":124,"title":125,"source":126,"logo":29,"time":118},336942,"Stock market today: Nifty50 opens flat; BSE Sensex down over 100 points after Budget day crash","https://timesofindia.indiatimes.com/business/india-business/stock-market-today-nifty50-bse-sensex-february-02-2026-indian-equities-stt-securities-transaction-tax-global-markets-gold-silver/articleshow/127851481.cms",{"id":128,"title":129,"source":130,"logo":40,"time":77},336964,"Nifty knocked down after STT increase, breaks the 200-DMA support","https://www.thehindubusinessline.com/economy/budget/nifty-knocked-down-after-stt-increase-breaks-the-200-dma-support/article70577341.ece",{"id":132,"title":133,"source":134,"logo":38,"time":77},336941,"Why Sitharaman’s ninth budget chose continuity over courage","https://m.economictimes.com/news/economy/policy/why-sitharamans-ninth-budget-chose-continuity-over-courage/articleshow/127847311.cms",{"id":136,"title":137,"source":138,"logo":30,"time":77},336963,"Brokerage Stocks Tank on STT Hike in Budget","https://money.rediff.com/news/market/brokerage-stocks-tank-on-stt-hike-in-budget/41168920260201",{"id":140,"title":141,"source":142,"logo":18,"time":77},336951,"Union Budget 2026-27 –Implications for Equity Markets","https://www.indiainfoline.com/blog/union-budget-2026-27-implications-for-equity-markets",{"id":144,"title":145,"source":146,"logo":26,"time":77},336950,"Union Budget 2026 | STT hike aimed at lowering F&O volumes a 'dampener' for capital markets: Brokerages","https://www.deccanherald.com/business/union-budget/union-budget-2026-stt-hike-aimed-at-lowering-fo-volumes-a-dampener-for-capital-markets-brokerages-3882264",{"id":148,"title":149,"source":150,"logo":44,"time":77},336972,"STT hike hits sentiment: EY India tracks Nifty 50 response to Budget 2026","https://www.business-standard.com/budget/news/stt-hike-hits-sentiment-ey-india-tracks-nifty-50-response-to-budget-2026-126020101270_1.html",{"id":152,"title":153,"source":154,"logo":42,"time":77},336971,"Stock markets gain momentum ahead of Budget presentation","https://telanganatoday.com/stock-markets-gain-momentum-ahead-of-budget-presentation",{"id":156,"title":157,"source":158,"logo":5,"time":77},336970,"Sensex, Nifty Edge Higher in Sunday Trade Ahead of Budget","https://hdfcsky.com/news/market-update-sensex-nifty-50-gold-price-and-silver-price-today",{"id":160,"title":161,"source":162,"logo":22,"time":77},336939,"D-St blues! Sensex sheds 1.5K, biggest drop on a Budget day","https://timesofindia.indiatimes.com/business/india-business/d-st-blues-sensex-sheds-1-5k-biggest-drop-on-a-budget-day/articleshow/127849865.cms",{"id":164,"title":165,"source":166,"logo":11,"time":77},336938,"India’s Budget Disappoints With Surprise Tax Hike, Investors Say","https://www.bloomberg.com/news/articles/2026-02-02/india-s-budget-disappoints-with-surprise-tax-hike-investors-say",{"id":168,"title":169,"source":170,"logo":43,"time":77},336937,"The prospect of better returns will overshadow the budget’s securities transaction tax hike | Mint","https://www.livemint.com/opinion/online-views/budget-securities-transaction-tax-hike-better-returns-markets-investments-derivatives-11769925553921.html",{"id":172,"title":173,"source":174,"logo":27,"time":77},336959,"Who Gains or Loses in India Infrastructure Push, Derivatives Tax","https://www.bloomberg.com/news/articles/2026-02-01/who-gains-or-loses-in-india-infrastructure-push-derivatives-tax",{"id":176,"title":177,"source":178,"logo":24,"time":77},336958,"NSE IPO to take 7-8 months, no major impact of STT increase on plans: Ashish Chauhan, MD and CEO","https://www.tribuneindia.com/news/business/nse-ipo-to-take-7-8-months-no-major-impact-of-stt-increase-on-plans-ashish-chauhan-md-and-ceo/",{"id":180,"title":181,"source":182,"logo":32,"time":77},336957,"Peak India","https://www.equitymaster.com/indian-share-markets/02/01/2026/Sensex-Today-Tanks-1547-Points--Nifty-Below-25000--3-Reasons-Why-Indian-Share-Markets-Are-Falling",{"id":184,"title":185,"source":186,"logo":17,"time":77},336956,"Why did stock market crash today? Sitharaman's big Budget move involved | India News","https://www.hindustantimes.com/india-news/why-did-bse-sensex-nifty50-crash-today-why-market-is-down-today-anant-raj-share-price-budget-stt-hike-101769939977111.html",{"id":188,"title":189,"source":190,"logo":39,"time":77},336955,"STT shock jolts markets, sensex spirals to worst Budget Day loss in points","https://timesofindia.indiatimes.com/business/india-business/stt-shock-jolts-markets-sensex-spirals-to-worst-budget-day-loss-in-points/articleshow/127849539.cms",{"id":192,"title":193,"source":194,"logo":28,"time":77},336954,"STT hike in F&O intended to discourage speculative trade, handle systemic risk in derivatives: Revenue Secretary","https://www.thehindu.com/business/budget/stt-hike-in-fo-intended-to-discourage-speculative-trade-handle-systemic-risk-in-derivatives-revenue-secretary/article70577861.ece",{"id":196,"title":197,"source":198,"logo":25,"time":77},336953,"Your arbitrage fund returns will fall by about 0.5% next year due to this increased STT: Deepak Shenoy","https://m.economictimes.com/mf/mf-news/your-arbitrage-fund-returns-will-fall-by-about-0-5-next-year-due-to-this-increased-stt-deepak-shenoy/articleshow/127839707.cms",{"id":200,"title":201,"source":202,"logo":21,"time":77},336952,"STT recalibration to encourage investors focus on long-term equity participation: BSE CEO","https://www.lokmattimes.com/technology/stt-recalibration-to-encourage-investors-focus-on-long-term-equity-participation-bse-ceo-1/",{"id":204,"title":205,"source":206,"logo":19,"time":77},336940,"In headwinds, Budget stays the course, batters markets with tax","https://indianexpress.com/article/business/in-headwinds-union-budget-2026-27-stays-the-course-batters-markets-with-tax-10508114/",{"id":208,"title":209,"source":210,"logo":23,"time":77},336962,"Budget bets on capex, jobs and manufacturing to power growth; markets give it a thumbs down","https://www.newindianexpress.com/live/2026/Feb/01/budget-bets-on-capex-jobs-and-manufacturing-to-power-growth-markets-give-it-a-thumbs-down",{"id":212,"title":213,"source":214,"logo":34,"time":77},336389,"Stock Market Today LIVE: Gift Nifty signals flat start for Nifty 50, Sensex; Hero Moto, Hyundai, UPL others in focus","https://www.livemint.com/market/stock-market-news/stock-market-today-live-sensex-today-nifty-gift-nifty-gold-rate-silver-rate-usd-vs-inr-hero-moto-hyundai-2-february-2026-11769999426492.html",{"id":216,"title":217,"source":218,"logo":5,"time":77},336961,"Why Markets Are In Red After Nirmala Sitharaman's Budget Speech","https://www.ndtv.com/india-news/union-budget-2026-why-markets-are-in-red-after-nirmala-sitharamans-budget-speech-10924733",{"id":220,"title":221,"source":222,"logo":31,"time":77},336960,"Bad news for F&O traders: Markets wobble as FM Sitharaman announces STT hikes of up to 150%","https://theprint.in/economy/bad-news-for-fo-traders-markets-wobble-as-fm-sitharaman-announces-stt-hikes-of-up-to-150/2842608/",{"id":224,"title":225,"source":226,"logo":33,"time":77},337153,"Stock market crash today after Budget 2026 speech: Why did Nifty50, BSE Sensex crash today? Top reasons f","https://timesofindia.indiatimes.com/business/india-business/stock-market-crash-today-after-budget-2026-speech-fm-nirmala-sitharaman-nifty50-bse-sensex-stt-securities-transaction-tax-top-reasons-explained/articleshow/127836471.cms",{"id":228,"title":229,"source":230,"logo":12,"time":77},337152,"India Raises Tax on Stock Derivatives Trading in Blow to Traders","https://www.bloomberg.com/news/articles/2026-02-01/india-raises-tax-on-equity-futures-options-trading",{"id":232,"title":233,"source":234,"logo":45,"time":77},337151,"Shock Hike in Transaction Tax, Gold & Silver Selloff Deepen India Stock Gloom","https://www.bloomberg.com/news/newsletters/2026-02-02/hike-in-stt-on-f-o-trades-sinks-nifty-bse-groww-angel-shares-tumble","#74673dff","#74673d4d",1770193875710]