If you panicked and sold your holdings yesterday, you just missed a ₹5 Lakh Crore recovery session. The truth is, while the 150% hike in Futures STT felt like a death blow, the smart money just used that “blood in the streets” as a massive entry point for a structural bull run.
The Shocking Rebound: How Nifty Flipped the Script
The Monday morning bell rang with a sense of dread. Following a special Sunday session where the Sensex tanked 1,500 points, many expected the slide to continue. But here is the catch: markets don’t run on taxes alone; they run on Capex.
By mid-afternoon, the Nifty 50 staged a stunning 500-point recovery from its early lows, reclaiming the 25,000 mark. This wasn’t a fluke. It was a calculated move driven by cooling crude oil prices (dropping 4%) and the realization that the ₹12.2 Lakh Crore infrastructure outlay is too big to ignore.
Budget 2026: The “Sunday Scare” vs. “Monday Recovery”
| Metric | Sunday (Feb 1, 2026) | Monday (Feb 2, 2026) | Market Sentiment |
| Nifty 50 Close | 24,825 | 25,088 | Value Buying |
| Sensex Swing | -1,546 Points | +944 Points | Resilience |
| STT on Futures | 0.05% (Shock) | 0.05% (Priced-in) | Factored into HFT |
| Crude Oil (Brent) | $70/barrel | $66.45/barrel | Inflation Relief |
The “Hike-Proof” 4: How These Stocks Are Defying the STT Bloodbath
While the “Common Man” retail trader is reeling from the increased cost of trading, four specific sectors are being hand-picked by FIIs and DIIs. These stocks aren’t just surviving; they are flourishing because the Budget gave them something more valuable than a tax break: Certainty.
1. Dixon Technologies: The EMS Powerhouse
Dixon is laughing at the STT hike. Why? Because the Budget hiked the electronics outlay to ₹40,000 Crore. Today, Dixon’s stock rebounded 1.55%, closing at ₹10,354. The market is betting that their move into high-end component manufacturing will triple their margins by 2027.
2. Bharat Electronics (BEL): The Defense Darling
The 18% jump in the Defense Capex budget is a “Secret Blueprint” for BEL. While brokers like Angel One crashed 10% due to the STT sting, BEL surged nearly 4% today. The truth be told, the government’s focus on indigenous jet engines is a decade-long revenue guarantee for this PSU giant.
3. Kaynes Technology: The Chip Master
Despite the broader market volatility, Kaynes is the “Budget Winner” everyone is watching. As India moves into Semiconductor Mission 2.0, Kaynes’ role in testing and assembly makes it a non-negotiable part of the tech stack. It recovered strongly today, showing that institutional investors are rotating from F&O speculation to “Productive Asset” investing.
4. Anant Raj Ltd: The Data Center King
The most “Shocking” winner of Budget 2026 is the Data Center sector. The Finance Minister announced a Tax Holiday until 2047 for foreign cloud providers using Indian data centers. Anant Raj, which has pivoted heavily into this space, saw its shares jump as much as 14% in the post-budget sessions.
What the Analysts Are Saying
The consensus on Dalal Street is shifting rapidly.
- Institutional View: “The STT hike is a one-time sentiment hit for the derivative segment, but the ₹12.2 Lakh Crore Capex is a multi-year engine for the cash market,” says a lead analyst at Allianz Global Investors.
- Technical View: Experts note that Nifty defended its 200-day moving average with surgical precision today. This suggests the “Budget Bottom” might already be in.
- The “Lakh-Crore” Sentiment: Large funds are shifting money out of Banks (worried about MTM losses) and into “Orange Economy” and “Manufacturing” themes.
Pro-Tip: The “Delivery” Advantage
Since STT on Delivery-based Equity remained unchanged at 0.1%, the government is literally telling you to stop gambling and start investing. In 2026, the real wealth isn’t in 5-minute charts; it’s in the 5-year manufacturing cycle.
The Bottom Line
The 500-point Nifty rebound is a “Warning” to those betting against the India story. While the Retail Investor might feel the pinch of higher trading taxes, the underlying economy is being supercharged by record spending. Don’t let the “F&O Bloodbath” distract you from the “Manufacturing Goldmine.”