Business Standard

NSE to cut trading charges by 10%; levy system abuse charges

Related News

In a move that would benefit retail investors, the (NSE) today said the transaction charges would be lower by about 10 per cent in cash and but would levy in the Futures & Options (F&O) category from October 1.

The transaction charges in cash segment will be on a slab basis of between Rs 3 and Rs 3.25 per Rs 1 lakh from Rs 3.5 per Rs 1 lakh charged at present, said in circular.

In the F&O segment, the transaction charges will now be in range of Rs 1.75 to Rs 1.90 per Rs 1 lakh, while at present NSE charges Rs 2 per Rs 1 lakh.

"In order to prevent system abuse and to ensure fair usage of the system by all members it is being decided to levy a charge to deter system abuse in the Future & Options segment," the NSE added.

The cut in transaction charges in both cash and derivatives segments would help boost trading volumes, while the levy of system abuse charges would be in the interest of small investors.

Moreover, NSE does not have transactions charges when a new product is introduced and in some cases for development of the market it has not levied transactions charges at all.

Read more on:   
|
|
|
|
|

Read More

Sensex ends at 3-week low; sentiment still weak

The Sensex fell to a three-week low on Monday after disappointing quarterly earnings hit Bank of Baroda and IDFC, while investors continued to book ...

Advertisements

Quick Links

 

Market News

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Back to Top