As Indian markets continue their bull run, investors are faced with key changes, effective October, which could impact their trading strategies and profits.
The changes include revised transaction charges by stock exchanges, an increase in Securities Transaction Tax (STT), and new taxation rules governing share buybacks.
Starting today, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have implemented new transaction fees for cash, futures, and options trading.
This shift follows a directive from the Securities and Exchange Board of India (Sebi), which mandated a uniform flat fee structure for all members of market infrastructure institutions.
For instance, the BSE has adjusted its transaction fees for Sensex and Bankex options contracts in the equity derivatives segment to Rs 3,250 per crore of premium turnover.
Meanwhile, transaction charges for other contracts in this segment remain unchanged.