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BIG NEWS
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Stockbroking firms continue to slide; Groww tanks nearly 6 pc
Public Lokpal
February 02, 2026
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Stockbroking firms continue to slide; Groww tanks nearly 6 pc
NEW DELHI: Shares of stockbroking firms continued to slide on Monday after Finance Minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on Futures and Options trade to discourage small investors from speculative trading in derivatives.
The stock of Billionbrains Garage Ventures, the parent company of Groww, tanked 5.86 per cent, Geojit Financial Services lost 2.98 per cent, Anand Rathi Share And Stock Brokers declined 2.30 per cent, Angel One edged lower by 2.26 per cent, and 5paisa Capital dipped 2 per cent on the BSE.
These stocks had also faced selling pressure in the previous trade. PTI
