STT hike will Impact Sentiment of Traders”: Sachin Gupta of Share India Securities

Young generation adopted it as a fulltime profession. Data shows that due to the participation of new age investor the volumes also increased unexpectedly which boost the market as well as the economy.

Increase in STT will increase the cost to the option traders and reduce the profits which affects the sentiments of Tech-savvy youth. It can also lead them to move away from the profession. This may lower the volume like we saw at the time when government increased the CTT, resulting in commodity trading volumes decreasing drastically.”

Share India Securities Limited is one of India’s leading tech based financial service provider. The company Leverages on the artificial intelligence and algorithmic trading and offers customized capital market solutions to its clients. SISL has ~3% market share in cash market, ~3% market share in futures and ~8% market share in options on basis of turnover. SISL via its subsidiaries is also present in NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution. SISL is powered with 1,500 employees, has been in operations since last 27 years & has a nationwide reach with its 729+ AP/branches present across 18 major States of India.

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