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Nirmala Sitharaman wants to control F&O ‘satta’ with STT hike but there could be unintended consequences
Finance Minister Nirmala Sitharaman’s steep STT hike on futures and options has triggered sharp market backlash, with brokerages and exchanges tumbling up to 9%. Experts warn the move could drain liquidity, deter foreign investors and hurt India’s market competitiveness, even as the government defends it as a curb on excessive speculation.
Sources: Economic Times - Markets (English), Hindu, NDTV +13 more
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