Trading in the cash and derivative segments of the National Stock Exchange (NSE) will become cheaper.
NSE's board, in a meeting held on Monday has considered and approved a reduction in overall transaction charges across the cash equity and equity derivatives segments / products by 1%.
The reduction in charges will be effective from April 1, 2024.
NSE said that the reduction is likely to have an overall revenue impact of ₹130 crore per annum on the company's transaction charges.
In March last year, NSE had decided to roll back the 6% increase in transaction charges in the equity cash and derivatives segment.
NSE had raised these charges by 6% in January 2023 partly to augment the investor protector trust fund corpus due to broker defaults at that point of time.
In response, shares of BSE have declined to the day's low, currently trading 5% lower at ₹2,095.55. NSE is currently the larger player among the two, with a greater market share.
First Published: Mar 12, 2024 12:59 PM IST