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Government raised STT charges in futures and options trading saying that this move will curb options traders. As per them, it would lower the losses incurred by traders.
Volumes were to go down by that logic but what is happening is like a twist in the tale.
Turnover, in the first week of October, has actually increased by 20 to 30 percent. This shows a much stranger behavior in the market .
However, there is a possibility that it may actually consolidate and lower in the next few days. This may gradually start happening even more in the following months while other curbs by SEBI cone into picture.
Have you lowered your options trading turnover due to this STT change? Let us know your thoughts in the comments.