New Delhi, Feb. 11 -- National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan spoke about the recent hike in Securities Transaction Tax (STT) during the FY 27 budget. He noted that the tax has been raised several times over the years, with the latest increase specifically targeting equity futures and options. While daily traders may feel the pinch, Chauhan explained that the government's primary goal is to curb excessive speculation in the market.

"Naturally, people who are sort of daily trading have an issue. But overall, the government has a perspective that they want to reduce speculation," Chauhan said. He added that beyond taxes, other measures are being looked at to handle this social issue, noting, "There are other ways also...