STT tax hike, Feb. 1 -- Following the announcement of a hike in securities transaction tax (STT) on the equity derivatives segment of the Indian stock market, capital market stocks witnessed a sharp slide of up to 14% in intraday deals on Sunday, February 1.

The government proposed to raise the STT by more than 50% on futures to 0.05% from 0.02% and to 0.15% from 0.01% on options.

More to come.

Published by HT Digital Content Services with permission from MINT....