[ad_1] The Multi Commodity Exchange of India (MCX) has announced a revision in transaction fees for futures and options contracts, effective next month. The new fees will be ₹2.10 per lakh of turnover for futures and ₹41.80 per lakh of premium turnover for options. With the revision, the MCX has moved from a tiered fee […]
New STT rules from October 1: How this will affect futures and options trading – CNBC TV18
[ad_1] The Securities Transaction Tax (STT) on futures and options (F&O) trading is set to increase from October 1, 2024. These changes, introduced in the 2024 Union Budget, aim to moderate speculative trading in the rapidly growing derivatives market. Here’s a breakdown of the changes and their potential impact on investors and traders. What is […]
FM Sitharaman: Nothing wrong with investing in equity or F&O, but people should ‘understand the full risks’ – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharman has emphasised the importance of fostering a robust equity market but at the same time maintaining a cautious approach towards speculative activities. The FM was speaking with Network18 Group Editor-in-Chief Rahul Joshi at News18 India’s Chaupal on Monday, September 16, in New Dehi. Sitharaman highlighted the need to strike a […]
Sebi’s new F&O eligibility criteria to enhance market quality and liquidity, say experts – CNBC TV18
[ad_1] On Friday, August 30, 2024, the Securities and Exchange Board of India (SEBI) overhauled the eligibility criteria for the entry and exit of stocks in the futures and options (F&O) or derivatives segment, marking a pivotal shift aimed at boosting market quality and activity. These new norms by capital markets regulator are designed to […]
Nithin Kamath on SEBI’s F&O changes: ‘Won’t curb speculation, may shift traders to options’ – CNBC TV18
[ad_1] Sharing his comments on SEBI’s consultation paper on Futures and Options (F&O) trading, Nithin Kamath, Founder and CEO of Zerodha, on Tuesday (July 30) said the proposed changes, including an increase in the Securities Transaction Tax (STT), will not significantly impact options volumes but could reduce futures volumes. Kamath pointed out the profitability dynamics […]
Sebi chief says can’t allow ‘Paytm type contamination’ in equity market – CNBC TV18
[ad_1] Sebi chief Madhabi Puri Buch asserted on Tuesday, July 30, that the capital markets regulator is working to ensure that “a Paytm type of contamination” doesn’t afflict the stock market in the future. In response to a question at an event in Mumbai today, Buch said, “We will not allow a Paytm type of […]
Budget 2024 – The Verdict | Tax steps taken on F&O are a mild nudge: Finance Secretary – CNBC TV18
[ad_1] Defending the Union Budget’s proposal to increase securities transaction tax (STT) on futures and options (F&O) trades from October 1, Finance Secretary TV Somanathan called it “a mild nudge.” “The changes that were made as proposed yesterday on taxation, such as a higher rate on short term capital gains and a higher transaction tax […]
Axis AMC CIO Ashish Gupta on Budget 2024’s Securities Transaction Tax Hike
Ashish Gupta, Chief Investment Officer of Axis AMC, which manages assets worth ₹1,427.56 crore, views the proposed increase in the securities transaction tax (STT) in Budget 2024 as a positive step. However, he cautions that this measure alone may not be sufficient to curb speculative retail trading in the futures and options (F&O) segment. “Multiple […]