Trading in any of the 30 stocks that form a part of the benchmark Sensex index has become marginally cheaper from Monday as the exchange has waived off transaction charges in these bluechip stocks.
A statement issued by BSE last month had stated that the exchange is waiving off transaction charges on Sensex stocks for “facilitating and encouraging participation by retail investors in financially sound companies.”
The proposed move came into effect on Monday.
The waiver would marginally help investors trading in Sensex stocks as the exchange earlier levied transaction charges between ₹0.50 and ₹1.50 per trade depending on the quantum of trades done in a month.
Simply put, the transaction charges decrease as the total volume of trades increase.
“BSE firmly believes that this move will help India in the growth story as it will now be the most preferred exchange for transacting in S&P BSE Sensex 30 stocks, which are considered to be the growth engine for India,” BSE had said while announcing the waiver.
At 12 noon on Monday, the 30-share Sensex was up 310 points or 0.93% at 33,618.
