Sharp hike in STT pulls Nifty and Sensex down by 2%; brokerages feel the heat
- Posted on February 2, 2026
- By Business News Today
- 2 Views
Sharp hike in STT pulls Nifty and Sensex down by 2%; brokerages feel the heat
India's recent hike in Securities Transaction Tax (STT) on futures and options has triggered a significant market downturn, mirroring a similar event in 2004. The move, aimed at curbing speculation, has increased trading costs for all participants, impacting brokers and foreign investors particularly hard.
