India, Feb. 2 -- Stock market dipped on Sunday after the budget. Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.

Reversing the early gains, the Sensex settled at 80,722.94, down 1,546.84 points or 1.88 per cent while the 50-share NSE Nifty tanked 495.20 points or 1.96 per cent to settle at 24,825.45. Stock exchanges held a special Budget Day trading session on Sunday in view of the budget presentation by Sitharaman for the next financial year."Market unease is centred on the increase in STT on F&O, particularly the sharper hike on futures. Pranav Haridasan, MD and CEO, Axis Securities, said. "This ...