Coimbatore, Jan. 27 -- Ahead of the Union Budget for 2026-27, Sriram Krishnan, National Stock Exchange's Chief Business Development Officer, said market participants are expecting tax relief, particularly a reduction in Securities Transaction Tax (STT), while foreign investors are seeking doing away with Long-Term Capital Gains (LTCG) tax.

Speaking to ANI, Krishnan said, "Market participants have expressed a view that they'd like to see some reduction in STT, which is seen as the major contributor to the cost of trading."

He added, "Foreign investors have (also) spoken about long-term capital gains tax if it can be done away with. That can help them because, repatriation can be more efficient and we will then be on par with some of the ...