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 ...

Quick Links

 

Market News

Sebi rejigs supervision model; stricter checks on high-risk companies

Market entities will be divided into risk groups; quantum of surveillance and number of inspections would increase as per the risk level

Kopran rallies on allotment of shares to promoter

The company allotted 2.05 million shares and 2.15 million warrants at Rs 66 each to Oricon Properties Private Limited, a promoter group company.

Nifty hovers around 8,460; ITC, HDFC down over 1%

The 30-share Sensex was down 41 points at 28,345 and the 50-share Nifty was down 10 points at 8,466.

Lead falls by 0.3% on low demand

Speculators trimmed positions on lower demand from battery-makers in spot markets

Cardamom rises by 0.7% as demand picks up

Besides, tight stocks position in the physical market due to restricted arrivals from producing regions supported the upside

Back to Top