What the hell is happening to the Indian stock market?
Dear @SEBI_India & @NSEIndia@BSEIndia
How many times do you expect traders to rebuild their entire business?
> December 2020 – 50% leverage removed
> March 2021 – 75% leverage removed
>September 2021 – 100% leverage removed
We adapted.
Yes, leverage is a double-edged sword. But thousands of genuine traders with smaller capital were affected. Still, we adapted.
> September 2023 – Bank Nifty expiry was shifted from Thursday to Wednesday, while BSE launched Sensex weekly expiry on Friday. Suddenly, we had expiries almost every trading day.
Many traders, especially algo and 0-DTE traders, redesigned their entire systems.
We adapted.
> November 2024 – Weekly expiries of FinNifty, Bank Nifty and other indices were removed. Only Nifty and Sensex weekly expiries remained.
Again, thousands of traders had to change their strategies.
We adapted.
> February 2025 – Expiry-day margin benefit was removed.
STBT traders were hit badly.
We adapted.
> 1st September 2025 – Nifty expiry shifted from Thursday to Tuesday.
Again...
We adapted.
> Jane Street reportedly made billions of dollars from Indian markets over the years. Later, regulatory action was taken, and subsequently trading restrictions were lifted after payment of regulatory dues/settlement.
How exactly did all of this benefit Indian retailers?
Meanwhile...
- Option STT has increased massively over the last few years.
- Bid-ask spreads have widened.
- Slippage has increased.
- Global volatility has increased.
- Transaction costs keep rising.
We adapted to everything.
And now...
Closing Auction Session (CAS).
Seriously?
Every few months there's another structural change.
Every few months traders are forced to rebuild their systems.
Every few months liquidity takes another hit.
You say these changes are for retail investor protection.
Then please show us the data.
Can you show even one report proving that retail trading losses have actually reduced because of all these interventions?
If not, then what exactly are these constant changes achieving?
Instead of making markets more efficient, you're making trading more expensive, more complicated, and pushing serious traders towards crypto and international markets.
As a full-time trader, my inner soul genuinely cries today seeing the direction our markets are heading.
We survived leverage removal.
We survived daily expiries.
We survived removal of daily expiries.
We survived expiry changes.
We survived removal of expiry margin benefits.
We survived higher STT.
We survived wider spreads and slippage.
Now we are expected to survive CAS as well?
Enough is enough.
I request SEBI and the exchanges to reconsider this rule.
Before implementing such major structural changes, consult the trading community. There should be proper communication, public discussion, and representation from active traders.
I also request every trader to raise their voice through the proper channels. If you genuinely believe these changes are hurting market participants, please send your feedback or complaint to SEBI through its official grievance mechanism. And if anyone from the industry has a direct channel to the exchanges or regulators, please help convey the concerns of the trading community.
Please Retweet this so our voice reaches the right people.
Enough of silent adaptation. It's time the trading community is heard.
@AnilSinghvi_@_anujsinghal@SarangSood@PRAFULKULKARN18@adigitalblogger@iarjuntandon@JayneshKasliwal@sunilgurjar01@piyushchaudhry@SantoshPasi@RakeshPujara1@TanmayKurtkoti@justnottamomma@AshishGupta325
“Poor decision, really poor decision from the referee”
Argentina’s first goal today against Jordan resulted from a freekick that should not have been given. Even the commentators are fed up with the corruption. https://t.co/KafTNSkT0M
This is not about politics.
This is about fairness.
A stock market investor takes real risk.
They invest in businesses they don’t run,
businesses whose inner workings are known mainly to promoters,
👉yet they still trust and invest.
Markets can remain dull or fall for years.
During such times, investors don’t earn anything for the risk they endured.
Still, they are taxed twice:
STT when they buy or sell
Long-term capital gains tax when they finally make gains
This is unfair.
There should be only one tax:
Either STT
Or
LTCG
Not both.
Long term Equity investors provide risk capital.
They help companies grow, expand, and create jobs.
They are partners in nation-building, not speculators.
If India wants long-term growth, we must protect, inspire, and motivate the retail investor.
At the very least, if LTCG must remain, apply it after two years, not one.
Thank you Raghav ji for raising this issue.
You spoke for millions who invest with faith and patience.
This message deserves to be supported by each one of us.
We need more such voices.🙏
#investing #tax #ltcg
The middle class is being sandwiched between the rich class and the poor class.
The middle class is caught between rising costs and rising taxes.
For the middle class, this Budget had one message. Carry on as you were.
In Parliament, I pointed out that there was no revision in income tax slabs and no increase in standard deduction, despite stagnant salaries and inflation at 6.8%. I urged the Finance Minister to correct this in this Budget itself by raising the standard deduction from ₹75,000 to ₹1.5 lakh for the salaried class.
Meanwhile, household costs keep climbing. Education 8% 🔺, healthcare 9% 🔺, rent 7% 🔺, food 6% 🔺, transport 5% 🔺.
For the first time in years, personal income tax collections are higher than corporate tax. Individuals paid around ₹11 lakh crore, corporates about ₹9.8 lakh crore.
Either give tax relief, or give investment savings & incentives so the middle class can save more and build wealth.
There is a fundamental issue in keeping equity taxation at par with gold and real estate.
A Investor bought a 20 cr plot in Delhi/ noida . Pays 10 cr in cash and 10 cr in cheque..
After 2 years , sells the entire thing in cheque… converts 10 cr into white at 12.5% tax ( LTCG)
RE and Gold to have same LTCG rate as equity is unfair due to cash component involved.
Equity is all white & risk capital… needs to be differentiated.
Ideal LTCG slab
1. Equity 5% flat after 2 years
2. Real estate & Gold 12.5% after 2 years
3. FD/Bonds 12.5% after 2 years.
Simple , predictable , friendly.
Will Encourage long term savings and stable FPI flows to fund India growth story..
Govt clearly is going after speculation
- online gaming (Dream 11,Rummy, Pokerbazi) banned
- F&O curbing thru higher STT
But at the same time we need to incentivise long term investing.. increasing STT & still having LTCG is unfair.
Markets r disappointed & bad timing too.
STT hike not driven by revenue considerations.
Hike done to curb SATTA
Most people die from cancer. Families are driven to bankruptcy by its treatment costs. Yet, no government in the world has the guts to ban tobacco.
If revenue is not the consideration than let’s ban tobacco in India
#BanTobacco #CancerKills #HealthCrisis
𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗗𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 must be 𝗥𝗲𝘄𝗮𝗿𝗱𝗲𝗱, 𝗻𝗼𝘁 𝗣𝗲𝗻𝗮𝗹𝗶𝘀𝗲𝗱.
I explained in Parliament how Investment in India remains heavily taxed, and why it needs to change.
Is it fair to say people like to see pacers picking plenty of wickets on spicy pitches than spinners on a turning pitch
And if that’s the case
WHY ?????
#justasking
You are wrong, @RahulGandhi.
PM @narendramodi is not afraid of President Trump. PM Modi understands the long game and his diplomacy with the U.S. is strategic. Just as @POTUS will always put America’s interests first, so will PM Modi do what is best for India. And I applaud that. That’s what Heads of State do. They do and say what is best for their country.
I don’t expect you to understand this type of leadership because you don’t possess the acumen to be PM of India. Best to return to your “I hate India” tour that has an audience of one - you.
#factcheck
Ah yes, the ol’ “there’s no inflation” line, brought to you by the same crowd that thinks tariffs = free money and interest rates = mood swings. Let’s break this down like your uncle’s Facebook rants:
Oil prices:
• They’ve dropped a bit from the peak, but still higher than pre-COVID levels.
• Also: fluctuating weekly. Spoiler alert—not stable.
Interest rates:
• The Fed hasn’t cut them yet. Why? Because inflation still exists (no matter how many caps-lock tweets say otherwise).
• And no, the Fed doesn’t take advice from political temper tantrums.
Food prices:
• Still higher than 2020. Eggs aren’t trading for Teslas anymore, but don’t pretend grocery bills feel like 2018 again.
• Pro tip: “Down slightly” ≠ “No inflation.”
Inflation:
• Not zero. 3.2% year-on-year in the U.S. as of latest reports.
• Not the worst in history, but definitely not the utopia described here.
Tariffs bringing in billions?
• That’s… your own citizens paying more at checkout.
• Tariffs are taxes on imports, and U.S. consumers (not foreign governments) foot the bill.
• Economists have been screaming this for years. You can Google it—or don’t, freedom and all.
China’s 34% retaliatory tariff:
• Yep, they did retaliate. Because that’s how trade wars work. One hits, the other swings back. Shocking.
So, to sum it up:
• Inflation? Still real.
• Tariffs? Taxing Americans.
• Fed? Not cutting rates on demand.
• Food & oil? Slight dips, but still high.
• “Billions pouring in”? More like billions paid by American businesses & shoppers.
But sure, blame “past leaders” & scream “MAGA” loud enough, and maybe the facts will go away.
#EconomicFairyTales
#TariffsArentFreeMoney
#InflationIsntImaginary
#MAGAOrMemoryLoss
#askingForAfriend KEEP socials factual.
As we await tomorrow's highly anticipated budget announcement, it's crucial to recognize that stability and continuity in economic policy can be powerful drivers of growth. The robust economic performance India has witnessed in recent years is a testament to the efficacy of current policies. While electoral mandates are influenced by a complex interplay of factors beyond mere economic indicators, it would be prudent for the government to resist the temptation of major policy overhauls in response to political pressures. Instead, a measured approach that builds upon existing successes while addressing key challenges could pave the way for sustained economic prosperity.
The budget is expected to tackle several critical issues confronting our economy:
Financial Sector Health: The banking sector is grappling with rising credit-deposit (C-D) ratios, a symptom of changing household asset allocation preferences. As of March 2024, the overall C-D ratio hit a decade-high of 80%, reflecting a trend of households diversifying into equities and real estate at the expense of bank deposits. This shift, while indicative of financial market evolution, poses challenges for banks' liquidity position.
Household assets in equities are currently around 9%, significantly lower than the 35% seen in developed markets like the US. An increase in this number is inevitable and beneficial, as it allows the public to directly fund the corporate sector, boosting economic growth. However, this shift comes with the unavoidable side effect of weakening deposit growth in banks.
The government must tread carefully here. Imposing higher taxes on asset classes like equity returns might seem like a quick fix to bolster bank deposits, but it could have detrimental long-term effects on the economy and overall GDP growth. A more sustainable approach would be to enhance the attractiveness of bank deposits through innovative measures.
One such measure could be the promotion of digital payments. By encouraging the use of UPI, especially UPI-lite, and e-Rupee, the government can incentivize individuals to move idle cash into savings accounts. This would not only boost banks' CASA (Current Account Savings Account) ratios and lower their cost of funds but also advance the broader goal of financial inclusion and digitalization.
Consumption Revival: India's consumption landscape presents a dichotomy. Lower-end consumption, encompassing FMCG products, affordable housing, and other essential goods, has been stagnant or even declining in some segments. In stark contrast, higher-end consumption, including luxury automobiles, high-end real estate, and premium goods, has been witnessing robust growth.
Income tax reliefs, particularly in the form of increased tax slabs and standard deduction limits in the second regime, could put more money in the hands of the middle class, thereby stimulating demand. These measures are expected only in the second regime as the government aims to encourage more taxpayers to shift to the new tax structure, which has fewer exemptions and deductions.
Food Inflation: The specter of food inflation looms large over the Indian economy. In June 2024, food inflation surged to 9.4%, with vegetable inflation hitting an alarming 29%. This trend is particularly concerning given its deviation from core inflation of 3.1% and its inelastic nature, which makes it less responsive to traditional monetary policy tools.
Counterintuitively, a reduction in interest rates, although this is outside the ambit of the budget, could help moderate food inflation. The budget can set the tone for the RBI to subsequently reduce rates. People don't consume more essential food when their income increases, so lower rates would not boost demand, but rather reduce capital costs for farmers, enable more competitive pricing, and potentially shift some consumer demand to processed foods, easing pressure on staples. Additionally, the government's proposed cold storage solution for efficient procurement and resale of essential grains and vegetables could directly control food inflation by smoothing out supply fluctuations.
Unemployment: According to the latest data from the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate jumped to 9.2% in June 2024, up from 7% in May 2024. While the Production Linked Incentive (PLI) scheme has successfully kickstarted private capex recovery, further refinement is necessary to translate this into substantial job creation.
One potential strategy could be extending PLI benefits to all stakeholders in the manufacturing partnership, rather than just the final-product manufacturing entity. For instance, while the PLI scheme for solar promotes solar module manufacturing, it doesn't benefit the production of solar glass - a critical component that should ideally be manufactured domestically rather than imported.
Moreover, addressing underperforming sectors within the PLI scheme, such as Textiles, is crucial. In these cases, incentives should be carefully targeted to boost local production rather than inadvertently encouraging imports.
#BudgetSession2024 #IndianEconomy #EconomicGrowth #FinancialMarkets #Banks #Consumption #FMCG #FoodInflation #Unemployment #MakeInIndia #DigitalWallet #PLI
*Also see https://t.co/1kXRqH2JNj
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