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Brokerage stocks drop up to 15% after STT hike

after close1 source ↓written by the desknot a recommendation

following the announcement
15%

The recent hike in STT on futures and options, alongside new buyback taxation, has led to significant selling pressure on brokerage stocks. Angel One and BSE saw declines of up to 15% following the announcement in the Union Budget 2026-27. Traders are concerned about increased trading costs impacting market activity.

This development may dampen sentiment in the brokerage sector, as higher costs could deter retail participation in F&O trading. 📉

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 1 Feb 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ANGELONE closed +3.8% on the day of the news, from ₹2,313.00 to ₹2,401.30; Nifty +1.1% over the same session; futures OI +1.4%.

Bulletin at 16:03 IST on 1 Feb 2026. Every change is measured from ₹2,313.00, the last close before it, on 1 Feb. Nifty 50 is measured over the same sessions.

  • ANGELONE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ANGELONE closes around the bulletin against the close before the news, with Nifty 50 rebased to it202924062783axis spans 37%before the news · 1 Feb2313Nifty 50ANGELONEbulletinD0+1+3+527 Jan5 Feb16 FebFutures open interest, lotspeak 15,000Reference close ₹2,313.00. 16 sessions from 27 Jan to 16 Feb; the price axis spans 37 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before1 Feb₹2,313.00basebase
On the day2 Feb₹2,401.30▲ +3.8%▲ +1.1%+2.8 pp difference
+1 session3 Feb₹2,587.80▲ +11.9%▲ +3.6%+8.3 pp difference
+3 sessions5 Feb₹2,645.00▲ +14.3%▲ +3.3%+11.1 pp difference
+5 sessions9 Feb₹2,715.50▲ +17.4%▲ +4.2%+13.2 pp difference
Gap at the open, % · ₹
0.0%0.00 on 2 Feb
Day's range, % · ₹
7.0%≈ 160 high to low
Volume on the day
1.46×the 20-session average
Futures OI on the day
▲ +1.4%+190 lots · long build-up · price +3.8%
Futures OI open, lots
14,0002 Feb · 24 Feb expiry
Futures premium, ₹
+10.80+0.5% to spot
Puts per call, by OI
1.04from 0.75 the session before
Max pain
2,400from 2,400 the session before

Source NSE UDiFF bhavcopy · ANGELONE on the desk →

Thread · ANGELONEAll ANGELONE bulletins →

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