Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • CaSa de Spirits launches Fentiro In Goa Business
  • Magenta Mobility Strengthens Team with Vishal Sharma as National Head – Asset Business
  • DRIPPIN.LIFE: A New Definition of Luxury Streetwear, Where Style Reigns Supreme Business
  • Colourmoon Technologies: Celebrating 15 Years of Innovation, Excellence, and Team Spirit Business
  • Investing for Everyone: Alice Blue’s User-Friendly Trading Tools Business
  • HealthOxide Launches Two New Products for Healthy Hair, Skincare Business
  • Meet M.M. Thahir, the people friendly social entrepreneur creating ripples in Ambalapuzha English
  • Love You Loktantra, a political satire film gaining traction among filmgoers in India Entertainment

STT hike will Impact Sentiment of Traders”: Sachin Gupta of Share India Securities

Posted on March 28, 2023 By dsprime No Comments on STT hike will Impact Sentiment of Traders”: Sachin Gupta of Share India Securities

Mr. Sachin Gupta, CEO, Share India Securities 

Mumbai (Maharashtra) [India], March 28: Share India Securities Ltd. is a listed, tech based financial conglomerate which specializes in latency-based trading platform. Talking about the recent hike in STT by the Government, Mr. Sachin Gupta, CEO, Share India Securities added, “The Indian trading mechanism has now shifted from traditional to technology-based trading platform. Earlier where traders and investors were using traditional trading systems, now they are using algo based trading system where orders are executed in less than a second. Fast trading systems are now becoming a need for the traders and investors.

The introduction of higher STT will impact the sentiments of traders and investors who want to make a full-time career in the stock market. In recent we observed that many professionals like CAs, Lawyers, Doctors, engineers are making it a full-time career option.

Young generation adopted it as a fulltime profession. Data shows that due to the participation of new age investor the volumes also increased unexpectedly which boost the market as well as the economy.

Increase in STT will increase the cost to the option traders and reduce the profits which affects the sentiments of Tech-savvy youth. It can also lead them to move away from the profession. This may lower the volume like we saw at the time when government increased the CTT, resulting in commodity trading volumes decreasing drastically.”

Share India Securities Limited is one of India’s leading tech based financial service provider. The company Leverages on the artificial intelligence and algorithmic trading and offers customized capital market solutions to its clients. SISL has ~3% market share in cash market, ~3% market share in futures and ~8% market share in options on basis of turnover. SISL via its subsidiaries is also present in NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution. SISL is powered with 1,500 employees, has been in operations since last 27 years & has a nationwide reach with its 729+ AP/branches present across 18 major States of India.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Business Tags:Business

Post navigation

Previous Post: Amazon announces Propel Startup Accelerator Season 3, to boost ecommerce exports from Gujarat  
Next Post: GD Goenka Public School, Lucknow celebrates Naatu Naatu’s victory with inclusivity and brotherhood

Related Posts

  • Dr. Stuti Khare Shukla’s Non-Surgical Hair Growth Booster helping multiple people suffering from Hair Loss Issues Business
  • Nikhil Caterers felicitated by Maharashtra Times as Trendsetters 2022 for their innovation in catering services Business
  • Passionpreneur Connect 2023: Dev Gadhvi’s Powerhouse Event Hits Mumbai Business
  • Bihar’s son Pranav Vatsa becomes the new face of Zee Music Company Business
  • Kwik Mint, the Sugar-Free Mouth Freshener, is Creating Waves in Oral Hygiene Business
  • CapSavvy’s unique CRM Software successfully empowers 100 Users across various SMEs Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Mustafa Yusufali Gom honored with Udyog Ratna Award 2023
  • The Flamingo Life: Elevating Homes with Unique Luxury Accent Furniture and Decor
  • The Dehradun Declaration at the Sixth World Conference on Disaster Management (WCDM) – 2023
  • World record holder Vimal Daga flags off “Engineers Tech Rath Yatra”
  • Achievers’ World Magazine Celebrates Outstanding Contributions at the EurAsian Business Summit 2023, House of Commons, London

Recent Comments

    • Startup Reporter releases List of 11 Entrepreneurs Under 35 Business
    • Gaharwar Pharma Products Pvt Ltd is a Trusted name in ayurvedic medicine for all types of disorders Business
    • Practically Launches an Exciting ‘School and Student Championship Quiz’ Press Release
    • Minfy Tech announces their new CEO Vikram Manchanda – A born in the cloud company Business
    • Arjun Rampal: Model, Actor, DJ, Joins FunExch Press Release
    • A Heartwarming Mother’s Day Celebration at IDT Business
    • Sunpure Extracts Private Limited Unveils New Natural Cosmetic Ingredients: BAKUCHIpure™and TetraBeauty™ Business
    • India’s 1st Free Mint NFT by a Digital x Web 3.0 Agency (TSH) released! Business

    Copyright © 2023 Daily News India.

    Powered by PressBook News WordPress theme