Traders Seek Review of Surprise Tax Hike: Markets Daily India

Market Snapshot

Market data as of 08:04 AM IST, Feb. 10, 2026, or the previous close for Indian markets. Data is subject to provider delays.

Good morning...

I’m Savio Shetty, and I cover equities in Mumbai.

Indian stocks have already recouped the losses suffered on budget day — when the government’s plan to raise taxes on equity derivatives trades shocked investors. But traders, worried about long-term consequences, are urging that authorities reconsider the hike (more on that below). Meanwhile, the benchmark Nifty 50’s rebound has helped it climb above its 50-day moving average — a level investors will be watching ...