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Tax hike on F&O, capital gains may cool down markets: Kamath

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Zerodha CEO Nithin Kamath said the tax hikes on futures and options (F&O) trading and capital gains might "cool down the activity in the markets". "STT (Security Transactions Tax) on options goes up from 0.062% to 0.1%. STT on futures goes up from 0.0125% to 0.02%," he said. "We (Zerodha) collected about ₹1,500 crore of STT last year," he added.