Markets: A Rigorous Course

Facts that change

Core about 5 min
Fact Value As of Source
STT, equity delivery 0.1% on buy and on sell 6 Nov 2026 NSE circular NSE/FATAX/73524, 31 Mar 2026
NSE transaction charge, equity 0.00307% of turnover from 1 Mar 2026 NSE circular NSE/FA/73061, 27 Feb 2026
Stamp duty, delivery (buy side) 0.015% 6 Nov 2026 Indian Stamp Act, 1899 as amended by the Finance Act, 2019 (verify with the exchange)
SEBI turnover fee ₹10 per crore 6 Nov 2026 SEBI (Payment of Fees) (Amendment) Regulations, 2019
GST 18% on brokerage + exchange + SEBI fees 6 Nov 2026 GST on financial services (verify on cbic-gst.gov.in)
DP charge (typical, per scrip on sell) ₹15.34 incl. GST 6 Nov 2026 Typical broker charge sheet; set your own
Delivery round-trip cost on ₹1 lakh (derived) ≈ ₹237.82 (0.238%) 6 Nov 2026 computed from the rows above
Stock price bands (non-F&O stocks) 2%, 5%, 10% or 20%; F&O stocks have dynamic bands Nov 2026 Secondary summaries (verify with the exchange)
IIMA WML annualised geometric return since 1 Jan 1994 10.65% 2025-12 release (fetched 6 Nov 2026) https://faculty.iima.ac.in/~iffm/Indian-Fama-French-Momentum/
IIMA WML, calendar 2025 to release date −5.53% 2025-12 release same
Closing auction session (affects close-fill assumptions) live from 3 Aug 2026; re-timed from 7 Dec 2026 Nov 2026 SEBI circulars of 16 Jan 2026 and 15 Oct 2026 (secondary reports; see M01)
Retail algo framework (needed before any automated live trading) broker-registered API, static IP, empanelled platforms, from 1 Apr 2026 Nov 2026 secondary reports of SEBI framework; see M01

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