Share Market News: BSE Implements New Rule From Nov 1 That Can Directly Affect Traders

03 Nov, 2023 Author: Ayushee Joshi

Stock Market Today: As the November month has just started, the government has set some major rule changes across various sectors of the economy. Similarly, On November 1st, in a new development in the stock market, the Bombay Stock Exchange (BSE) raised the transaction fees for equity derivatives. The new transaction fee structure is based on monthly chargeable incremental turnover (premium value).

How Traders Will Get Impacted?

The new changes will be imposed on S&P BSE Sensex options, particularly those with an approaching expiry date, and will have a direct impact on traders. The transaction charge for BSE Sensex options has been fixed at Rs 500 per crore for transactions up to Rs 3 crore. At the same time, the price for turnover above Rs 3 crore but less than Rs 100 crore has been set at Rs 3750 per crore. The new amendment would levy Rs 3,500 per crore on equity derivatives turnover of Rs 100 crore to Rs 750 crore. It is worth mentioning that this reduction in transaction fees only applies to S&P BSE Sensex options. Other equity transaction expenses have remained unchanged.