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  1. Stock market crash on Budget Day: IRCTC, Patanjali Foods, ITC, IREDA among 210 stocks that hit 52-week low on NSE

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Stock market crash on Budget Day: IRCTC, Patanjali Foods, ITC, IREDA among 210 stocks that hit 52-week low on NSE

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3 min read | Updated on February 01, 2026, 16:56 IST

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SUMMARY

NIFTY50 and SENSEX saw a sharp decline after the Budget 2026 announced a hike in Securities Transaction Tax (STT) on futures and options trading. ITC, Premier Energies, SBI Cards, IREDA, IRCTC and other prominent stocks hit their 52-week low on NSE

stocks_at_52-week_low

IREDA, ITC, and Premier Energies shares are down between 23% and 36% in last one year

NIFTY50 and SENSEX saw a substantial fall on Sunday’s special trading session held on account of Budget 2026. Benchmark indices snap their 3-day winning streak as investors revert to profit booking following the conclusion of Budget 2026.

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NIFTY50 closed 495 points or 1.9% lower at 24,825, with a day low of 24,571 Meanwhile, BSE SENSEX declined 1546 points or 1.8% to close at 80,722. SENSEX hit a day low of 79,899 today.

Ahead of the Union Budget 2026, NIFTY50 and SENSEX were trading higher. However, Finance Minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on futures and options, which made investors nervous.

STT on futures contracts would be raised to 0.05% from 0.02% earlier, while STT on options premiums and exercise of options are both proposed to be raised to 0.15% from the present rate of 0.1% and 0.125%, respectively. As per experts, the government's move is aimed at curbing excessive speculation in the futures and options (F&O) segment.

The volatility index, or India VIX, is up 10.7% to 15.10. Among NIFTY sectoral indices, NIFTY PSU Bank (-5.5%), NIFTY Metal (-4.0%) and NIFTY Financial Services (-3.1%) were the top losers, while NIFTY IT (+0.5%) was the sole gainer today.

Bharat Electronics (-6.0%), Hindalco (-5.7%), ONGC (-5.5&) were the top three NIFTY50 losers, while Wipro (+2.1%), Max Healthcare (+1.8%) and TCS (+1.7%) were among the top gainers. Six NIFTY50 stocks advanced, while 44 stocks declined today.

Prominent stocks at 52-week low today

Stock52-week low1-year return*
ITC₹310-32.95%
Premier Energies₹660-36.90%
Godrej Properties₹1,475-35.79%
ACC Limited₹1,614.20-18.98%
IREDA₹124.11-34.10%
IRCTC₹600-23.97%
SBI Cards₹725.60-10.58%
Indian Hotels₹627.20-23.97%
Exide Industries₹311.50-17.26%
KPIT Technologies₹963.60-30.16%
L&T Technology Services₹3,700-30.65%
Patanjali Foods₹491.15-18.04%
Indian Energy Exchange₹122.06-25.71%
Cohance Lifesciences₹366.85-66.42%
Capacite Infraprojects₹207.01-39.81%
Indian Energy Exchange₹122.06-25.71%
Oswal Pumps₹360.5-
Newgen Software₹570.35-47.69%
Tips Films₹344.05-7.83%
VST Industries₹227-28.96%
*1-year return as per NSE website

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About The Author

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Sreenivas Ajankar is a Deputy Editor at Upstox and has over nine years of experience in capital markets. His areas of expertise include equity research, analysis and business valuation.

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