Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 today, creating history by tabling it on a Sunday for the first time. This marks her 9th consecutive budget presentation. While the government focused on ‘Yuva Shakti’ and economic growth, the financial markets showed mixed reactions with heavy volatility. A major surprise came from the bullion market where gold and silver prices crashed significantly during the session.
यह खबर भी पढ़िये: Gold and Silver Prices Crash by 9 Percent, Nifty Falls as Nirmala Sitharaman Presents Budget 2026।
Key Highlights of Budget 2026-27
The Finance Minister outlined three primary duties or ‘Kartavyas’ for the nation. These focus on accelerating economic growth, fulfilling the aspirations of the common people, and ensuring inclusive development known as ‘Sabka Saath, Sabka Vikas’. The total budget size for the upcoming financial year is estimated at ₹54.1 lakh crore, which is an increase of roughly 7.9% from the previous year.
Another major announcement is the introduction of the New Income Tax Act, 2025. This new law is being prepared to replace the old Income Tax Act of 1961 and is expected to come into effect from April 1, 2026. The government also aims to bring the fiscal deficit down to near 4% for the year 2026-27.
Gold and Silver Prices Crash Significantly
The precious metals market saw a massive drop today. Gold prices fell by 9%, hitting the lower circuit limits. The price of gold came down to approximately ₹1,38,634 per 10 grams. Silver also saw a similar decline of 9%, trading around ₹2,65,652 per kilogram. This sharp fall is being attributed to the strengthening of the Dollar and profit booking in global markets.
Stock Market Updates: Nifty and Sector Performance
The stock market opened for a special session today due to the budget presentation. The Nifty 50 index witnessed high volatility and was trading around the 25,300 level. The volatility index, India VIX, rose by 4.5%, indicating some nervousness among traders.
- Metal Sector: The metal index dropped by 4.4%, with Tata Steel falling by 3%.
- Railway Stocks: Shares like RVNL and IRCTC saw a jump of up to 3% due to expectations of higher allocation.
- IT and Banking: These sectors faced selling pressure, contributing to the market fluctuations.
