What are your expectations on STT from the budget?
Will STT on F&O be increased again
I expect a reduction in STT on equity cash markets.
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I am seeing this for many many years now. Some noise about reducing/removing STT around budget. Nothing significant happens. And they did a massive increase in futures.
After Jane street stuff, there is chance for Equity cash, but i doubt it. They will find other ways instead. There is already some change planned around closing price logic later this year.
Expecting no change as such.