Budget 2026 impact on stock market: Which are the top stocks in focus? Check list – The Times of India

By Thomas V Abraham, Analysis Analyst, Mirae Asset ShareKhanIndia’s stock markets kicked off the particular Sunday session on a flat-to-constructive be aware, with Sensex touching an intraday peak close to 82,726 and Nifty nearing 25,357. Nonetheless, sentiment soured shortly after Budget 2026 bulletins, dragging indices into the purple amid focused tax hikes and unmet expectations.Key triggers for the downturn:Derivatives tax hike: Budget 2026 doubled STT on F&O futures to 0.05% (from 0.02%) and hiked choices premium tax to 0.15% (from 0.1%), jacking up prices for on a regular basis merchants. The transfer goals to chill off extreme choices hypothesis, however might hit F&O volumes considerably. Listed stocks which have a unfavorable impact in consequence embrace BSE, Groww, Nuvama Wealth, Angel one.

Greater authorities borrowing : Greater authorities borrowing might impact liquidity in the system and lift yields, this may occasionally impact treasury revenue of banks and better charges might result in elevated market borrowing price and might be sentimentally weak in the close to time period. Nonetheless, general fundamentals of the sector stay constructive with a robust stability sheet, benign asset high quality and bettering progress outlook. SBI, Financial institution of Baroda, PNB to be impacted sentimentally in the close to time period in consequence.Motion Building gear (ACE), Escorts Kubota : The 2026 Budget launches a selected program to strengthen native manufacturing of development equipment, providing a transparent benefit to ACE/ Escorts by its cranes, forklifts, and earthmovers.Anant Raj, Technoelectric : Budget 2026 affords by Anant Raj, a tax vacation till 2047 for overseas cloud suppliers utilizing Indian information facilities, spurring huge demand for its Delhi-NCR amenities. This positions India as a worldwide digital hub, straight boosting Anant Raj’s operational 28MW capability and enlargement plans.Optimistic for Amber Enterprises and Dixon Applied sciences : The Rs 40,000 crore allocation bolsters native chip fabrication, PCB Meeting.Biocon and Solar Pharma: Proposed Rs.10,000 crore “Biopharma Shakti” program to spice up native manufacturing of biologics and biosimilars/ Revolutionary medication, positioning Biocon and Solar pharma favorably as a frontrunner in this area. These funds will improve R&D amenities and elevate high quality benchmarks, empowering Biocon to increase price-efficient remedies for diabetes, oncology, and immunology circumstances amid rising non-communicable illness challenges.NMDC and GMDC: Announcement advantages NMDC Metal by devoted Uncommon Earth Corridors in states like Odisha and Andhra Pradesh, plus import responsibility exemptions on capital items for important mineral processing. Corridors enhance NMDC’s mining/processing of uncommon earths for EVs, renewables, and defence, leveraging its iron ore experience.Additionally constructive for GMDC.Of those, now we have BUY scores on Amber, Dixon, BSE, Biocon, Solar pharma, SBI, BOB, PNB, NMDC(Disclaimer: Suggestions and views on the stock market, different asset courses or private finance administration ideas given by specialists are their very own. These opinions don’t characterize the views of The Times of India)