Ashwin Jain

Retweet is endorsement of the tweet not the person

[Ashwin Jain @iAshwiin]

@bigulchugh @DealsDhamaka What he is saying is true for life insurance. Bought later much higher total payment goes for same amount of cover. Health insurance is different.

[Ashwin Jain @iAshwiin]

@malde_dhiren @Thekalal True.

[Deepak Shenoy @deepakshenoy]

Not quite happy to see mdr in upi. Neft and Rtgs are free and well used. It should have a max absolute number like 5 rupees, or 0.2% whichever is lower. The cost isn't higher for higher numbers and at this volume even rs. 5 is good. Percent based mdr is like percent based brokerage...should be history.

[Ashwin Jain @iAshwiin]

@ByRakeshSimha Then BJP should listen and act on genuine grievances of its core voter rather than taking them for granted

[Ashwin Jain @iAshwiin]

A 40 year old ligitation is not a question mark on credibility of judiciary?

[Abhishek Bhardwaj @Gurugrammer_]

"Land is considered the new gold."

The Supreme Court wrote that line last week, about 436 bighas in a Gurugram village in Wazirabad tehsil.

At today's rates, that land is worth close to 30,000 crore.

Four men, Ganpat, Maher Chand, Ram Pat and Chattar, spent 40 years trying to prove it belonged to their families. In 1985 they filed a claim. Their ancestors had farmed this land, held it jointly, for generations. The panchayat said it was common village land. They said no, it was always theirs.

Decades of hearings later, the High Court agreed with them. The land was theirs.

Think about what that verdict actually meant to four families who had waited a lifetime. Not just relief. A number. A share of a fortune, split across every claimant behind that case, still crores each. The kind of money that rewrites a family's next three generations. New homes. Land for the sons. A business finally funded. The wedding done without counting rupees. Somewhere in those years after the High Court order, someone in each family must have quietly started planning a life that finally had room to breathe.

Then the state appealed. The Supreme Court did not even revisit the whole story. It asked one question. Was this land formally split into individual shares before 26 January 1950. A date before most of these claimants were even born.

Their proof was seventy years of farming it together. The Court's answer was simple. Joint possession is not partition. However long you hold something together, that is not the same as owning your separate share of it.

Appeal allowed. Land handed back to the Municipal Corporation of Gurugram.

Forty years of hearings. A High Court win that must have felt like the finish line. And then one sentence from the Supreme Court took it all back, over a date nobody in these families could have changed.

[Olympic Khel ™ @OlympicKhel]

An iconic save for the history books 🧤

#OnThisDay, PR Sreejesh came up with the decisive penalty shootout save against Great Britain as India reached the Paris 2024 semi-finals. 🇮🇳

[Ashwin Jain @iAshwiin]

@indiaemerges Places were smart meters were installed there are lot of problems

[Ashwin Jain @iAshwiin]

Awesome actor. Tried breaking his stereotype roles. Didn't succeed completely

[CinemaRare @CinemaRareIN]

Actor #PradeepRawat passed away earlier today at the age of 74.

With a towering screen presence he leaves behind an unparalleled legacy spanning multiple languages.

From Ashwatthama in Mahabharat, and the Oscar nominated Lagaan, to his terrifying acts in Sye to the titular villain in Ghajini (both versions), he permanently etched his name into Indian film history.

Rest in Peace 🙏

[CinemaRare @CinemaRareIN]

Actor #PradeepRawat passed away earlier today at the age of 74.

With a towering screen presence he leaves behind an unparalleled legacy spanning multiple languages.

From Ashwatthama in Mahabharat, and the Oscar nominated Lagaan, to his terrifying acts in Sye to the titular villain in Ghajini (both versions), he permanently etched his name into Indian film history.

Rest in Peace 🙏

[Tanmay Kurtkoti | Quant Trading @TanmayKurtkoti]

“ India’s Biggest Casino ”

India’s biggest casino now opens at 3:15 PM.

Not in Goa. Not in Sikkim.

At the NSE closing auction where a 0DTE option trader can watch the

“settlement value”

jump 150 points while the underlying cash basket is not trading continuously.

A thread 👇🏻

Today at 3:15 PM, Nifty was at 24,463.45.

Its official close: 24,614.90.

That is a 151.45-point auction jump on weekly expiry day.

Yesterday, Day 1 of CAS, the closing adjustment was roughly 200 points.

Fair and robust price discovery, apparently.

Here is the new game:

3:15–3:20: cash orders blocked; reference price calculated.
3:20–3:25: market + limit orders collected.
3:25–random close: only limit orders; market orders locked.
3:28–3:30: random close.
F&O keeps trading till 3:40.

On my terminal, the ATM straddle was near ₹100 at 3:15.

In five minutes it went ₹100 → ₹120 → ₹85 → ₹100, even though the cash index was effectively frozen.

At 3:20, the indicative auction value began moving and 0DTE derivatives had to chase it.

The market then priced possible closes around 24,500, 24,520, 24,545, 24,587 and 24,602.

By roughly 3:28–3:29, it stabilised near 24,615.

The official Nifty close was 24,614.90.

Great opportunity provided you enjoy betting on a moving, non-binding auction indication.

Let us call this what it was.

Not normal cash-futures arbitrage.

Before random close, the indicative price can change as orders enter, change or disappear. The cash basket cannot be continuously traded against it.

You are trading settlement jump risk not a locked arbitrage.

On expiry, this is far more dangerous.

The final Nifty close determines option settlement.

So a thin closing auction in heavyweight stocks can transfer large P&L across the expiring options book while traders cannot continuously hedge the underlying basket.

Today’s CAS turnover was reportedly ₹1,542.4 crore on NSE versus only ₹9.4 crore on BSE.

That is 99.4% of auction activity concentrated on NSE.

The two exchanges run separate auctions and can discover different closing prices.

What could possibly go wrong?

The absurdity:

The “actual” Nifty remains based on the last continuous cash prices.

The “indicative close” is based on tentative auction prices.

But expiring options trade on expectations of the second number.

One index. Two displayed realities. Ten minutes to settlement.

NSE says CAS promotes transparency and robust price discovery.

Yet its own framework allows:

• separate NSE/BSE closes
• market orders counted in equilibrium
• market orders locked after 3:25
• no MOC/LOC order type
• a random closing time

On weekly expiry. Brilliant.

Closing auctions are not the problem. Major markets use them.

The mistake is coupling a new, thin cash auction to 0DTE settlement while derivatives remain live and the underlying basket cannot be continuously hedged.

That turns price discovery into a lottery.

SEBI and NSE should urgently:

Pause CAS-based weekly-expiry settlement.
Publish real-time index and stock imbalances to everyone.
Add deviation collars and auction extensions.
Align cash finalisation with derivatives.

Until then: 3:15 PM = casino time 😞

@NSEIndia @BSEIndia @SEBI_India
Do like & share if you want to stop this casino

Comment with your thoughts

[K.Annamalai @annamalai_k]

நேற்று வைகை ஆற்றை சுத்தம் செய்தபோது, "இதைவிட மோசமான மாசு இருக்க முடியுமா?" என்று தோன்றியது.

பிறகு திரு. உதயநிதி ஸ்டாலின் அவர்களின் பேச்சைக் கேட்டேன்...

[MRV @MRVChennai]

I wish the @BJP4India learns its lessons from political greenhorn CM Vijay of TN. The decisiveness in acting for his supporters is sadly missing in case of BJP. Same Udaya made intemperate remarks against Sanatana Dharma. Of course, BJP was impotence personified!

[Ashwin Jain @iAshwiin]

@keshavbedi 40+ People getting killed trumps resignation caused by the movement

[Ashwin Jain @iAshwiin]

@ManishKuma10782 @tashipaljor12 @Flipkart @Ekart Non refundable hai

[THE SKIN DOCTOR @theskindoctor13]

A few days ago, this video went viral, showing speed breakers on NH-25. People naturally assumed that locals had installed them, because who else would? After all, speed breakers are illegal on highways.

Today, NHAI issued a "clarification" that they only had installed them at the "request" (read: political lobbying or pressure) of a local public representative, and that these are not speed breakers but rumble strips. Lol!

The way these people think the aam janta of this country has no brains of their own is unbelievable!

[Ashwin Jain @iAshwiin]

@goyalvikas007 @iamankitpande They increase deductible to reduce premium amount. No actual deduction

[Ashwin Jain @iAshwiin]

@NHAI_Official Local public representative request is more paramount than safety of vehicles by using an unscientific construction method?

[Ashwin Jain @iAshwiin]

@90s_kidSSCI @haldilal But the fundamental problems remain with Air India. Tatas will lose even more money still in Air India.

[Kundan Prajapati @ScholarTrading]

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

[Praveen Swami @praveenswami]

I’m livid: My teen been deboarded from an @airindia flight in Dubai, AI406, because she told the crew that she has (well-controlled) epilepsy, there is emergency-use medication in her bag. She has not had a seizure in years. @RamMNK @Annapurna4BJP @virendrabjp