BSE turns competitive, waives off equity transaction charges on Sensex stocks

In a bid to increase investor participation on its platform, the BSE Sensex on Monday waived off transaction charges applicable in the equity segment for S&P BSE SENSEX 30 stocks.

The world's fastest exchange can now also claim to be the most cost-effective exchange for Indian equities after this fee waive-off. The waiver is effective from March 12, 2018.

This move comes at a time when valuations are being revisited after the recent bouts of correction in the broader market. The companies listed on BSE Sensex are mostly large cap, blue chip stocks and carry minimal risk. These stocks are sought-after in volatile markets and the waiver in transaction fee on BSE platform is bound to provide a competitive advantage to BSE Limited as well as benefit investors.

Meanwhile, at 15:11 hours, the BSE Sensex was at 34,429.80, up by 287.65 or 0.84 per cent, while Nifty50 was at trading 10,583.25, up 92.20 points or 0.88 per cent on Monday.