STT hike aims to protect small investors from speculation
after close1 source ↓written by the desknot a recommendation
- futures contracts
- 0.05%
- 0.02%
- will rise
- 0.15%
- 0.1%
- respectively
- 0.125%
Finance Minister Nirmala Sitharaman announced an increase in Securities Transaction Tax (STT) on futures contracts to 0.05% from 0.02%. STT on options will rise to 0.15% from 0.1% and 0.125% respectively. This measure targets high-risk speculative trading, aiming to safeguard small investors from significant losses in the derivatives market.
Not investment advice. For informational purposes only.