Union Budget 2026 has introduced pivotal policy shifts, triggering high volatility across the Indian stock market. With a massive push toward infrastructure, rural development, and green energy, several high-growth sectors have emerged as top contenders for investors. From blue-chip giants to mid-cap innovators, this Budget has created a new roadmap for wealth creation. We break down the top stocks in focus and how these fiscal changes will impact your portfolio today.
Budget 2026: The Stocks That Will Define Your Portfolio Today
Union Budget 2026 has officially shifted the gears of the Indian economy. With Finance Minister Nirmala Sitharaman announcing a massive ₹12.22 lakh crore Capex target and a surprise STT hike on F&O, the market is witnessing high-octane volatility. While some sectors are facing a “bloodbath,” others are emerging as multi-bagger opportunities. Here is your essential “Stocks to Watch” list for this special Sunday session.
1. Infrastructure & Railways: The Capex Kings
The government’s continued focus on the ‘National Infrastructure Pipeline’ makes these stocks the bedrock of today’s market movement:
- Larsen & Toubro (L&T): The undisputed leader in domestic infrastructure.
- RVNL & IRCON: Look for volatility here as new high-speed rail corridors are announced.
- Bharat Electronics (BEL): A top pick as the defence outlay sees a 15% jump.
2. The “Sin Tax” Impact: Cigarettes & Tobacco
As predicted, tobacco products are getting costlier. The new excise duty structure has put immediate pressure on:
- ITC Ltd: Watch for the 11:30 AM volume spike as the market digests the ₹55/pack price hike.
- Godfrey Phillips: Sensitivity to premium segment tax changes will be key today.
3. Green Energy & EV: The Future-Ready Bets
Budget 2026 has introduced a dedicated SME Growth Fund and new subsidies for battery storage, putting these stocks in focus:
- Tata Power: Beneficiary of the new solar rooftop mandates.
- Reliance Industries (RIL): Movement expected due to Green Hydrogen incentives.
- Tata Motors: Key player to watch for FAME-III subsidy clarity.
Quick Market Tip:
The STT hike on F&O (Futures increased to 0.05%) may lead to lower volumes in speculative trading. Investors are advised to focus on high-delivery, value-driven stocks today.
Budget 2026 FAQ for Investors
Is the market open today?
Yes! For the second time in history, the NSE and BSE are holding a special session on Sunday, Feb 1, from 9:15 AM to 3:30 PM.
What happened to the STT?
The government has hiked the Securities Transaction Tax (STT) on Futures by 150% and Options by 50% to curb speculation.
Which sector is the biggest winner?
Infrastructure and Digital Services (Data Centres) have received the most favorable tax holidays and outlays in Budget 2026.
