Your arbitrage fund returns will fall by about 0.5% next year due to this increased STT: Deepak Shenoy
The Budget 2026 hike in Securities Transaction Tax is expected to reduce arbitrage fund returns by about 0.5% next year, according to Capitalmind’s Deepak Shenoy. While retail investors may see limited impact, arbitrage funds and foreign portfolio investors could face higher costs in futures trading.
Union Budget 2026: SGBs bought from secondary markets to attract capital gains tax, effective April 1
Budget 2026 proposes capital gains tax exemption for Sovereign Gold Bonds only if purchased directly from RBI and held until maturity. Secondary market SGBs will lose tax benefits, aiming to reward patient investors over speculators, though bond prices fell sharply.
Budget impact: What makes Morgan Stanley’s Ridham Desai remain bullish on Indian stocks
Morgan Stanley maintains a bullish stance on Indian equities post-Budget, citing cyclical growth support, structural reforms, capex push, and long-term policy focus on semiconductors, AI, and data centres to sustain earnings and premium valuations.
STT, capital gains tweaks rattle investors despite growth push: Sunil Singhania
Market veteran Sunil Singhania noted that while the Union Budget initially disappointed, increased allocations to railways, defense, and infrastructure offer long-term growth potential. However, recurring tax changes, particularly to STT and capital gains, create investor uncertainty. Singhania emphasized the need for policy stability to attract foreign investment and support India’s ambitious economic expansion goals.
Visionary Budget with long-term growth focus: R Doraiswamy, LIC
LIC CEO & MD R Doraiswamy described the Union Budget as a visionary roadmap for India’s ambition to become a top three global economy. He highlighted the focus on strategic industries, MSMEs, and rural income growth, expecting market sentiment to improve as the broader development push is assessed.
STT hike unlikely to rattle long-term foreign investors, may curb speculative trading: Ashishkumar Chauhan
The government’s increased Securities Transaction Tax on derivatives aims to curb speculation and encourage long-term investing. While high-frequency traders may need to adjust strategies, foreign portfolio investors are expected to remain unaffected, prioritizing company growth and economic stability over short-term trading costs.
Fiscal prudence a positive, markets spooked by STT and borrowings: Amitabh Chaudhry
The Union Budget has drawn mixed market reactions. Amitabh Chaudhry sees stability and continuity as positives. Focus areas include pharmaceuticals, semiconductors, and infrastructure. While higher borrowings and transaction taxes are concerns, details may bring market calm. The budget aims for self-reliance and institutional scale.
Union Budget 2026: Paytm shares surge 9%. Here’s what’s driving the rally
Paytm shares jumped sharply after Budget 2026 announced a significantly higher incentive allocation for UPI and RuPay, boosting sentiment around digital payments. Strong volumes accompanied the rally as investors cheered policy support, while improved profitability and steady revenue growth further strengthened confidence in the fintech company’s outlook.
Budget 2026: Realty stocks plunge up to 10% on Budget miss; REITs rally up to 3%
Realty stocks fell sharply after Budget 2026 disappointed the sector with no major incentives, dragging the Nifty Realty index lower. Developers saw heavy losses amid unmet housing expectations, while REITs outperformed, supported by the government’s continued focus on urban infrastructure development and asset monetisation through dedicated REIT structures.
Budget lacks bold reforms, focuses on cautious continuity: Swaminathan Aiyar
Economist Swaminathan Aiyar finds the Union Budget unremarkable. He notes a lack of bold reforms and simplification, with many small changes increasing complexity. Fiscal consolidation is marginal. The budget prioritizes stability amid strong growth. Major reforms like fertiliser subsidy abolition were avoided. Sector-specific measures are politically understandable but economically modest.