New Delhi, Feb. 1 -- Indian stock indices nosedived as Union Finance Minister Nirmala Sitharaman presented the Budget for 2026-27 in the Parliament on Sunday.

Pre-Budget, the indices were largely steady, but they dipped as the Budget speech progressed and closed the session deep in the red.

Sensex closed at 80,722.94 points, down 1,843.43 points or 2.23 per cent, while Nifty closed at 24,825.45 points, down 593.45 points or 2.33 per cent.

According to Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm, initial optimism faded quickly as higher transaction costs driven by the increase in Securities Transaction Tax (STT) on equity derivatives--and the lack of strong measures to revive foreign capital i...