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Business News » India News

BSE waives off transaction charges for 30 Sensex stocks

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BSE waives off transaction charges for 30 Sensex stocks
Trading members shell out Rs 0.50 for monthly trades exceeding 20 lakh. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Mon, Feb 26, 2018
03:18 pm
ZeeBiz WebDesk
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In a bid to encourage retail investors to invest in sound companies, stock exchange BSE has waived off transaction charges in equity segment for 30 stocks on S&P BSE Sensex. The move will come into force from March 12, 2018. 

Currently, transaction charges range from Rs 0.50 - 1.5 per trade for securities under group A, B and other non-exclusive scrips.

30-share Sensex is the barometer of Indian company and comprises the 30 large-cap companies from various sectors. 

"The move will help India in the growth story as BSE will now be the most preferred exchange for transacting in S&P BSE  Sensex 30 stocks, which are considered to be growth engine for India," said BSE in a statement. 

Also read: Gitanjali Gems faces Kingfisher’s fate; shareholders, employees in lurch
 
BSE the world’s fastest exchanges with a speed of 6 microseconds and the most cost effective exchange in India has waived off the transaction charges on S&P BSE SENSEX 30 Stocks with effect from March 12, 2018.  S&P BSE Sensex is the barometer of Indian economy. This move is aimed at facilitating and encouraging participation by retail investors in financially sound companies. 

Trading members of the BSE pay Rs 1.50 per trade for monthly volume of up to 1,00,000, and Rs 1.25 for 1,00,001 to 3,00,000 number of transactions.

Further, Re 1 per trade is being charged from the members for a monthly trade count of 3,00,001 - 5,00,000, while volumes between 5,00,001 - 20,00,000 attract Rs 0.75 per trade as transaction fees.

Trading members shell out Rs 0.50 for monthly trades exceeding 20 lakh.

Also read: Indian rupee to dollar: Here is a major mark currency may cross

BSE has classified equity scrips into categories such as Group A, B, T, among others, to provide a guidance to the investors.

Group A is the most tracked segment consisting of about 300 scrips, while Group B consists of more than 3,000 stocks.

The classification is based on several factors like market capitalisation, trading volumes and numbers, track records, profits, dividends, shareholding patterns and some qualitative aspects.

(With inputs from PTI)

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TAGS:
MarketsBSEtransaction chargestransaction charges waived offSensexSensex 30 stocksequity segment
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