Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)

Franklin Loyola commented on 28 Jan 2021, 08:16 PM

Demerits: If traders are looking to convert intraday positions to delivery, you need to keep in mind that STT (Securities Transaction Tax) will go up almost 10 times if you decide to keep your intraday positions overnight.

Wht is meant by above statement
Intraday trades will automatically be closed by exchange right then why in statement it is written ‘if traders want to convert the intraday to delivery’ or why it is written ‘if u keep intraday positions overnight’ is it possible?
And also one more doubt:
What is STT and how much is it and why it will be 10 times when you keep the intraday positions overnight??

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