STT Hike: BSE CEO Says Not New, Encourages Long-Term Investing
Market
C
CNBC TV18•01-02-2026, 14:54
STT Hike: BSE CEO Says Not New, Encourages Long-Term Investing
- •BSE MD & CEO Sundararaman Ramamurthy stated the STT hike in F&O is not unprecedented and aims to promote long-term investing.
- •Finance Minister Nirmala Sitharaman increased STT on futures trading by 150% and options trading by 50% in Budget 2026.
- •The hike led to a sharp intraday sell-off in equity markets, particularly affecting capital market-linked stocks like BSE, Angel One, and Groww.
- •Ramamurthy noted that market reactions to STT increases are typical, and he anticipates no long-term dip in market volumes.
- •Despite initial sentiment change, Ramamurthy believes the hike is unlikely to reduce actual investing.
Why It Matters: BSE CEO views the STT hike as a government strategy to encourage long-term investing, despite initial market volatility.
✦
More like this
Loading more articles...
