Angel One, BSE, other capital market stocks fall up to 4% on weak market sentiment, NSE CEO's remarks on F&O

Capital market shares see profit booking in trade. 

• Capital market-linked stocks fell up to 4 percent on Friday.
• NSE chief warns of further F&O volume decline after STT hike.
• Sensex and Nifty both closed lower amid weak market sentiment.

Did our AI summary help?

Shares of capital market-linked firms fell up to 4 percent on Friday amid weak market sentiment and remarks by the National Stock Exchange (NSE) chief on derivatives volumes.

Among individual stocks, Angel One declined more than 4 percent to an intraday low of Rs 235.6 per share on the NSE. The stock has fallen about 5 percent over the past two sessions. BSE shares slipped up to 2 percent during the day.

Computer Age Management Services dropped 3.47 percent.

Tracking the weakness, the Nifty Capital Markets index declined up to 1.5 percent. Of its 15 constituents, 13 were trading in the red and two advanced.

Market sentiment was weighed down after NSE Managing Director and CEO Ashishkumar Chauhan said more degrowth is likely in futures and options (F&O) volumes after the hike in Securities Transaction Tax (STT) comes into effect in April.

NSE CEO sees decline in F&O volumes due to STT hike

During the Budget for 2026, Finance Minister Nirmala Sitharaman proposed raising the STT on futures to 0.05 percent from 0.02 percent. The STT on options premium and exercise of options has been proposed to be increased to 0.15 percent from 0.1 percent and 0.125 percent, respectively.

Sitharaman had said the move would provide a "reasonable course correction" in the F&O segment and generate additional revenue for the government.

Policy and regulatory measures have impacted volumes in the market. Stock brokers and exchanges derive a sizeable portion of their revenues from trade execution.

On Thursday, Chauhan also pitched for introducing a "minimum qualifying criteria" for participation in derivatives trading to prevent people from lower-income groups from engaging in speculation.

Meanwhile, benchmark equity indices were also trading lower on Friday, tracking weak global cues and fresh foreign fund outflows.

The Sensex fell 618.81 points or 0.75 percent to 81,629.80. The broader Nifty declined 223.55 points or 0.88 percent to 25,273.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.