NYSE:CBT News 19 December 2025

February 1, 2026, 10:43 AM EST. India's Budget 2026 triggered mixed market reactions with Sensex and Nifty dipping after tax hikes on derivatives trading were announced, raising costs for traders in futures and options (F&O). Key stocks like BSE, Groww, and Nuvama Wealth are expected to face pressure. Meanwhile, increased government borrowing could tighten liquidity, impacting banks such as SBI, Bank of Baroda, and PNB sentimentally. The Budget also offers a boost to sectors like construction equipment and technology, benefiting Action Construction Equipment, Escorts Kubota, and Anant Raj via tax incentives and capacity expansions. Additionally, the agenda supports local chip production, aiding Amber Enterprises and Dixon Technologies, and a Rs.10,000 crore Biopharma Shakti program favors Biocon and Sun Pharma for biologics manufacturing. Mining firms NMDC and GMDC gain from rare earth corridor developments and import duty exemptions.