BSE To Charge For Each Equity Trade From April 3
BSE Ltd. will start charging a transaction fee on per trade basis from Monday, a move that is expected to attract a larger number of big deals.
Under the new system, it will charge Re 1 per trade for up to 5 lakh transactions in a month; 70 paise for 5-10 lakh; 60 paise for 10-20 lakh and 30 paise for over 40 lakh.
Earlier, the exchange charged a flat Rs 275 per crore on a gross turnover of Rs 1 crore.
Market experts said the move is part of BSE's effort to increase its trading volumes and attract more block and bulk deals.
Besides, BSE would levy a flat transaction charge of Rs 10 per crore of turnover on both active and passive trades done on its currency derivative segment.
Also Read: BSE Woos Big Traders With Revised Transaction Fee
Earlier, a Rs 10 per crore transaction fee was levied on only the active side of the trade transaction on currency future contracts. The transaction fee for currency options contracts also stood at Rs 10 per crore on active side of the transaction on premium value.
BSE had launched its currency derivatives platform in November 2013 and did not levy any transaction fees for trades in this segment for almost a year. Since December 2014 it began charging for currency derivatives.
It levied a Rs 2 per crore of turnover for two months from December 1, 2014 to January 31, 2015, and then increased to Rs 4 for the next two months. BSE further hiked the charge to Rs 6 from April 1, 2015 for two months followed by Rs 8 for next two months.
Since October 1, 2015, the exchange has been levying a transaction fee of Rs 10 on currency derivative trades.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
