The recently-announced increase in the Securities Transaction Tax (STT) by Finance Minister Nirmala Sitharaman during the Budget presentation for the upcoming fiscal could be counterproductive if the government intends to curb speculative activity in futures and options (F&O), according to Nithin Kamath, founder and chief executive of Zerodha. In a post on social media platform…
The Indian stock market staged a sharp rebound in Monday’s session, February 2, recovering half of the losses from the Budget-day crash on Sunday, as strong buying activity emerged across all major sectors, especially in auto and metal counters, bringing optimism back to the Indian stock market. Although the Indian stock market opened the session…
Budget 2026 STT announcement: The Income Tax Department on Sunday clarified about the new STT rules on F&O announced by Finance Minister Nirmala Sitharaman in Budget 2026. Presenting her ninth consecutive Budget on Sunday, 1 February, FM Nirmala Sitharaman proposed to hike the Securities Transaction Tax (STT) on futures and options (F&O) trading. “I propose…
India’s benchmark stock indices slumped about 3% intraday, as finance minister Nirmala Sitharaman’s decision to raise securities transaction tax (STT) on futures and options (F&O) trades spooked investors. Higher-than-expected government borrowings for the next financial year starting 1 April also worried investors, as the move could spike interest costs for businesses and make sovereign debt…
Market breadth has hit at least a five-year low during Sunday’s budget session, with four out of every five BSE 500 stocks retreating. This marks the most widespread sell-off on a budget day since 2021, erasing gains across every sector except pharma and textiles. The analysis is based on the common sample of stocks currently…
In the budget, STT on futures has been increased from 0.02 percent to 0.05 percent. highlights STT on futures has been increased from 0.02 percent to 0.05 percent. STT on options has been increased from 0.1 percent to 0.15 percent. Due to this announcement of the Finance Minister in the budget, there was a decline…
Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, proposed to increase Security Transaction Tax (STT) on Futures & Options (F&O) transactions. FM Sitharaman proposed to raise the STT by 150% on futures to 0.05% from 0.02% and by 50% on options transactions to 0.15% from 0.01% earlier. “To provide reasonable course correction in F&O…
STT tax hike: Following the announcement of a hike in securities transaction tax (STT) on the equity derivatives segment of the Indian stock market, capital market stocks witnessed a sharp slide of up to 14% in intraday deals on Sunday, February 1. The government proposed to raise the STT by more than 50% on futures…
