November 3, 2026
Business

Sharp hike in STT pulls Nifty and Sensex down by 2%; brokerages feel the heat(Soban News)

India’s recent hike in Securities Transaction Tax (STT) on futures and options has triggered a significant market downturn, mirroring a similar event in 2004. The move, aimed at curbing speculation, has increased trading costs for all participants, impacting brokers and foreign investors particularly hard.

​India’s recent hike in Securities Transaction Tax (STT) on futures and options has triggered a significant market downturn, mirroring a similar event in 2004. The move, aimed at curbing speculation, has increased trading costs for all participants, impacting brokers and foreign investors particularly hard. by Soban News (international And National News)

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