Tax experts said the flat STT numbers underline that most of the market action has been concentrated in the primary market. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Despite a flurry of initial public offerings (IPOs) hitting the market this fiscal, collections from the Securities Transaction Tax (STT) have remained virtually flat, indicating that secondary market trading volumes have not kept pace with the primary market boom.

According to CBDT data, STT collections stood at Rs 35,682 crore as of Nov. 10, 2025, marginally lower than Rs 35,923 crore collected during the same period last year. This suggests that while investor interest in IPOs has surged, overall turnover in the broader equity market has been subdued amid a largely sideways movement i

See Full Page