Zerodha CEO Nithin Kamath criticized the high Securities Transaction Tax (STT), noting it’s higher than brokerage income and discourages trading in cash and futures. He said reducing STT and increasing intraday leverage could boost volumes. Kamath linked STT changes to a surge in options trading and called for balanced reforms.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII