Anil Suri 🇮🇳

Co Founder (Managing Partner) at Anivik PharmaTech Solutions| Provider of consultancy solutions for Pharmaceutical, Food & Biotech Industries across the Globe

[CA Vivek Khatri @CaVivekkhatri]

GDP is 7.8%.
GST is ₹2 lakh crore.
Inflation is “in the band.”

Then why is the market still dead?

Because the tape doesn’t care about the press conference.

Sensex is around 76,900.
Nifty is around 24,050.
Down on the year.
Red in August.
Foreign money still walking out.

Now look at the three knives.

1. CAS.
Closing Auction Session. Live from 3 August.
Built to “improve” the close.
What it did:
Sensex indicative price dropped ~2,000 points in minutes on monthly expiry.
74,983 on the screen. Then a bounce. Then a close that still lost 539 points.
Options went 40x in five minutes.
A 75,000 put exploded thousands of percent. Then died.
SEBI already named two entities for allegedly gaming the window.
Cash volumes fell to a five-month low.
Traders said the quiet part:
six hours of trading don’t matter.
The last 10 minutes decide if you live.

Price discovery became a lottery.
That’s not a market.
That’s a closing casino with a regulator’s stamp.

2. STT.
From 1 April 2026:
Futures: 0.02% → 0.05%.
Options: 0.10% → 0.15%.
Exercised options: 0.125% → 0.15%.
Delivery still taxed on both sides at 0.1%.

You pay to enter.
You pay to exit.
You pay again if you use futures.
You pay more if you use options.
Liquidity is a tax farm now.
High-frequency desks leave.
Arbitrage thins.
Spreads widen.
Retail still gets the bill.

3. Capital gains.
Short term: 20%.
Long term: 12.5% after ₹1.25 lakh.
No indexation.
Rupee can fall 5% and you still owe tax on a “gain” that was a dollar loss.
India is one of the few big markets that still taxes foreign equity profits like this.
FIIs already sold more in 2026 than they sold in all of 2025.
Ownership is near multi-year lows.
DIIs are the airbag.
An airbag is not an engine.

So stop posting 7.8% like it is a buy signal.

Growth can print.
Tax can print.
The index can still choke
if the close is a trap,
if every trade is a levy,
if global capital can earn more
in a market that doesn’t tax the exit
and doesn’t smash the last 10 minutes.

That’s why the market is not performing.
Not because Indians stopped working.
Because the rules made staying expensive and leaving rational.

[Nigel D'Souza @Nigel__DSouza]

On a lighter note

For months, it’s been NSE vs BSE: market share, valuations and who comes out on top.

But plot twist?
BSE is now set to join the Nifty 50. And if NSE eventually lists, there’s a good chance it could find its way into the Sensex.

Two rivals competing for the same girl, only to realise they’ll both be in each other’s wedding entourage. 😄

[Pratibha Gupta @PratibhaGoyal]

As per News sources, Govt is planning to approve UPI charges on transactions done by Merchants!

Problem if B2B Transactions are charged: Merchants will avoid taking money via UPI. This will thus encourage cash.

Problem if B2C Transactions are charged: Merchants will pass that extra cost to costumers. Remember how in earlier days shopkeepers used to charge credit card charges when you made payment via credit card instead of cash....! That exactly will happen now!

In both the cases the idea of proud Indian cashless economy will be shattered.

Instead why can't government mine UPI Data to find Tax Defaulters? That can be a huge source of revenue?

[Anil Suri 🇮🇳 @AnilSuri699]

@connectgurmeet See the change now…

[Gurmeet Chadha @connectgurmeet]

To

-Markets,

-All senior fund managers - Nilesh bhai,Navneet sir, Naren sir, Sailesh, Prateek, Rajeev, Vasan and everyone

-Promoters who have created wealth for small shareholders

-Our clients

-Parents

Big thank u for all learnings. Keep guiding!

Happy Guru Purnima !!

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Dear FM Madam @nsitharaman ji,

I have said it before. And I'll say it again. Loud & Clear.

LTCG of 12.5% on Equities is one of the Lowest in the World.

But there are a few issues:

1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG.

2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss.

3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please.

I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍

For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms.

I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit.

I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility.

India Structually is Brilliant. Let's make it Tax Friendly as well.

Patient Capital will Flow More & Stay, if these Steps are Taken.

A Proud Indian Investor,
#FI

[Gurmeet Chadha @connectgurmeet]

The PM should directly reach out to students and assure them on decimating paper leak mafia & time bound action plan.

The students shud debate n protest on issues at a designated site peacefully and not do marches to parliament or PM house as it allows political goons n foreign funded NGOs to create anarchy.

All of us are on the same side- A better future of India 🇮🇳

[Manish Kumar @manishkhosiya]

BREAKING: STOP deleting emails when Gmail says you're out of storage.

The biggest storage junk is hiding somewhere else.

I freed 18GB in minutes without touching my inbox.

Here's exactly how to check:

[Gurmeet Chadha @connectgurmeet]

Brent back at $72 . Govt can use this window to unleash fuel reforms.

Link petrol n diesel prices to market rates Reset petrol prices weekly linked to a crude basket with a tolerance band of 20% to begin with

Also reduce commercial power rates as fresh capex cycle is underway.

[Gurmeet Chadha @connectgurmeet]

India recd $3Bn+ inflows ( ~30000cr) in govt bonds post removal of LTCG

Same template shud be followed in Equity. Reduce LTCG !

Sovereign wealth funds, pension funds will provide patient growth capital in AI, energy, defence etc .. capital doesn’t come alone. It brings with it -best minds, technology and much needed ecosystem.

[Rajeev Desai @rajuidesai]

She destroyed the Indian critics in just 5 minutes with facts and figures. 😊
From Shankar Sharma to all handles here who are cursing LTCG, STT.... She says, u all are dismissive!!
Bravo to that lady!!👍

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Dear Honorable FM Madam @nsitharaman ji,

We in Bharat have always said - Athithi Devo Bhava. Domestic Funds have always been Strong in Bharat.

Net FDI is at all time lows. This clearly shows that Foreign Patient Capital is running out of Patience. We need to rework on our Policies & Taxation for all Investors.

Let us send a Strong Message to the World that we respect Patient Capital.

Waiting for your Actions !!!

#FI

[Gurmeet Chadha @connectgurmeet]

India is likely to get $30-50 Bn of inflows through FCNR, ECB & gsec route

But if FII outflows in equity continues the inflows will get negated. ( they still own $750 Bn equity)

We must fix this. All the good reforms n polices getting offset. It’s also a sentiment spoiler.

[Gurmeet Chadha @connectgurmeet]

Today it’s MSCI rebalancing
Yesterday was crude
Last week :we r Anti AI trade
Last month : Iran conflict
Last year : 50% tariffs by US

Truth is FIIs have given up on us due to excessive n unpredictable taxation.This is when entire globe (AI & non AI) has got FDI & FPI flows.

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

Dear FM Madam @nsitharaman ji,

I have said it before. And I'll say it again. Loud & Clear. I hope you read this. My audience will repost this until it reaches the Ministry.

LTCG of 12.5% on Equities is one of the Lowest in the World.

But there are a few issues:

1. LTCG was ZERO from 2004 to 2018. STT was introduced to offset the Loss in Revenue. It incentivised long term Investors to Hold on Patiently and enjoy Long Term Returns. I believe that Step was something Golden and rewards Long Term Thinking. FM Madam should reconsider this. Keep STT. Abolish LTCG. Consider Long Term Investors as a Partner in Growth of India.

2. STT is already taken for every transaction. This is a tax. Again putting Capital Gain, especially on Long Term Gains is not Ok. This is my Opinion. STT is borne by the investor irrespective of Profit or Loss.

3. We are not against Paying Taxes. In fact, we all Pay Income Tax, Capital Gains Tax, GST, Excise, VAT, Tax on Dividends and what not. The problem is the Freebies which are Distributed during the Elections. This is not at all ok. We don't want a single rupee of our Capital Gains to be used for Freebies. Please.

I humbly request the FM Madam to Abolish LTCG on Equities. Make the Long Term Period 24 months instead of 12 months. You will see Patient Capital 👍 We need Patient Capital to Drive Markets. Incentivise Long Term Investing Mindset.

For Indian Investors like me, the Pain is lesser. We will continue to Create Wealth. But what about our FII brothers & sisters. They also deserve to get minimum returns in Dollar Terms.

I feel for the FIIs who have suffered due to declining Rupee and they still have to pay LTCG on Rupee Terms. Something the FM Madam and team should revisit.

I think that it is a good time to implement this. FII no longer control our markets. Domestic Funds are consistent and plenty. If FIIs leave, let them Leave with Head Held High. That is our Responsibility.

India Structually is Brilliant. Let's make it Tax Friendly as well.

Patient Capital will Flow More & Stay, if these Steps are Taken.

A Proud Indian Investor,
#FI

[Gurmeet Chadha @connectgurmeet]

The inaction on addressing FII outflows and slowing FDIs has costed us big .. rupee at almost 97…

This is poor policy response !!! It’s not just the crude .

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

For Foreign Funds who invest in India, strengthening of Dollar reduces their Long Term Returns. The STCG & LTCG Burden further reduces their returns.

The FIIs who entered markets 10 years back when USD was ₹64 INR are selling at ₹95+ INR today. Apart from that, the burden of STT & CG, reduces their returns to below FD rates. While we Indians make 10-12% CAGR in INR terms, they end up with sub par below FD returns.

India is an Emerging Market & Foreign Interest will always be there. Domestic flows are Heavy and will continue to Flood the Market. So fundamentally, we will all Create Wealth. Valuations are Reasonable. But, we want Foreign Funds to also clock a better CAGR. This post is for them also to make money in the Indian Story.

FM Madam should understand this basic funda & remove Capital Gains Tax burden for Foreign Funds. That will send a Strong Message to them as well. Retain STT.

Also, the Capital Gains Tax is probably a few Thousand Crores, which can be offset by a slightly higher STT.

@nsitharaman - Mistakes happen. This can be Corrected Well.

On behalf of FIIs, DIIs & Millions of Investors,
#FI

[Anil Suri 🇮🇳 @AnilSuri699]

RT @connectgurmeet: For all young investors a small piece of unsolicited advice

-be optimistic on India in long term n don’t hv mediocre g…

[Gurmeet Chadha @connectgurmeet]

Rupee now 96.. it was 91-92 even before than Iran war started.

Main issue is outflow of foreign capital. Difficult to understand the rigidity on reducing taxes related to capital markets.

It’s undoing all reforms and good work in the economy..

[Fundamental Investor ™ 🇮🇳 @FI_InvestIndia]

In hindsight:

- Charging both STT & CG on Equities
- Putting 10% LTCG on Equities
- Raising LTCG on Equities to 12.5%

These will be remembered as some of the most investor unfriendly steps for times to come !!!

We are not against paying Tax. But such Double Taxation of CG & STT is unnecessary. Long Term Investing should be Rewarded & Not Penalised 👍

I hope the FM Madam will reconsider some of these steps & make Indian Stock Market More Friendly for Investing Community 🔥🔥🔥

#FI