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Union Budget 2026 LIVE Updates: Indian stock indices nosedive on Budget day, Sensex dips over 1,800 points

Union Budget 2026 LIVE Updates: Sensex closed at 80,722.94 points, down 1,843.43 points or 2.23 per cent, while Nifty closed at 24,825.45 points, down 593.45 points or 2.33 per cent. We are closing LIVE now

Updated on : 01 February,2026 05:20 PM IST  |  Mumbai | mid-day online correspondent

Representational pic

Representational pic

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05:00 PM

Union Budget LIVE Updates: Education budget raised by over 8 per cent for FY26-27 to Rs 1.39 lakh crore

With education and skilling placed at the core of India`s long-term growth strategy in the Union Budget 2026-27, the government has allocated Rs 1.39 lakh crore to the education ministry, marking an 8.27 per cent increase over the previous financial year. The allocation accounts for around 2.6 per cent of the total estimated expenditure of Rs 53.5 lakh crore for 2026-27.

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04:42 PM

Union Budget LIVE Updates: Indian stock indices nosedive on Budget day, Sensex dips over 1,800 points
Indian stock indices nosedived as Union Finance Minister Nirmala Sitharaman presented the Budget for 2026-27 in the Parliament on Sunday. Pre-Budget, the indices were largely steady, but they dipped as the Budget speech progressed and closed the session deep in the red. (ANI) 

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03:33 PM

Union Budget 2026 LIVE Updates: Income tax slabs remain unchanged after Budget 2026

Finance Minister Nirmala Sitharaman on Sunday has left income tax slabs unchanged in the Union Budget 2026, meaning taxpayers will continue to be taxed at the same rates as in FY 2025–26 under both the old and new regimes. While there is no revision in slabs, the Budget addresses several long-standing concerns of middle-class taxpayers through targeted relief measures, including a reduction in TCS rates and the introduction of new dividend-related deductions. As a result, salaried individuals and other taxpayers will not see changes in slab rates, but may benefit from procedural and compliance-related easing announced in the Union Budget 2026. Read more

 

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03:15 PM

Union Budget 2026 LIVE Updates: Focus on simplifying tax administration

Only a fine will be prescribed, with no imprisonment. The Finance Minister said these changes are part of a broader effort to simplify tax administration, reduce litigation, decriminalise technical or procedural defaults, and shift enforcement focus toward serious tax evasion rather than minor or inadvertent lapses.

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