Sandeep Tyagi

CEO Estee Capital, Entrepreneur, live to think and explore

[Sandeep Tyagi @styagi]

There is a proposal to use tariffs to pay citizens, and potentially even eliminate income tax. This is problematic in two ways--tqriffa will have to higher than right now to offset income tax. Second it moves taxation from income to consumption. Will hit poor people badly

[Sandeep Tyagi @styagi]

@ananddtyagi Wow, kiddo, you are growing by leaps and bounds in this area. Crucial development

[Sandeep Tyagi @styagi]

@jheitzeb @ananddtyagi So good to see this. I remember when you took a similar session for high school hackathon

[Sandeep Tyagi @styagi]

@ananddtyagi @claudeai Brother, you are like the fastest draw in the west! You release before the ink is dry on Claude release

[First Squawk @FirstSquawk]

Goldman Sachs lifted its December 2026 gold target to $4,900/oz from $4,300, citing strong Western ETF inflows and expected central bank buying.

[Sandeep Tyagi @styagi]

@ananddtyagi Similar personalization was expected from 3D printing. But we still have objects designed and produced by companies. It is not easy to define and create what you want. Vast majority of people will prefer using something pre-existing that does the job, instead of personalization

[Anand Tyagi @ananddtyagi]

As coding tools like Claude Code, Codex become much better (my recent trials have shown me a huge step level jump for 0 to 1 projects compared to 6 months ago), is it actually likely that people will start making their own one off apps? Right now people prefer using existing polished tools, but when the tech reaches the point where I can really imagine an app idea, create it just for me and it works (connections, the UI is nice, the experience is completely personalized) is that something we imagine people will really do? Do those apps just live in ChatGPT or Claude Canvas? Do we have no app interfaces and just have a chat interface for everything? Do we download the "last app" where all your future apps will just be generated on the fly?

I'm now 100% confident the tech will reach this level, but I'm wondering if the behavior will actually change or we'll still end up appreciating the "bespoke" software created by companies?

[Sandeep Tyagi @styagi]

Issue in Jane Street was 25% ADV trade in cash market intraday. Limit should be put on both intraday cash and f&o exposure in ADV terms (or proxies)

https://t.co/tAvF5Z4jtG

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[Sandeep Tyagi @styagi]

I thought we desperately needed rate cut to help the economy. But I guess the numbers are not accurate and economy needs no help

[The New York Times @nytimes]

Breaking News: President Trump moved to fire the official in charge of jobs data, claiming, without evidence, that labor numbers were being “manipulated.” https://t.co/peYPP1M1Xm

[Sandeep Tyagi @styagi]

@elonmusk please have @Tesla solve the problem of vertical location? It is a pain trying to find your car in a multi-story parking lot if you forget which floor you parked on.

[Sandeep Tyagi @styagi]

Mean reversion and momentum are two sides of the same coin. Sometimes for some stocks mean reversion works and sometimes momentum works. That is why at @gulaqfintech we use multi factor models balancing various views

[Nirmalkumar Jain @nirmalrjain]

It’s always a pleasure listening to @Jatin_Khemani .How to generate Alpha using 'Mean Reversion' | w/ Jatin Khemani, CFA (St... https://t.co/WWGk3Vcb7Y via @YouTube

[Sandeep Tyagi @styagi]

@smallcaseHQ has been a wonderful partner in bringing our quant models to tens of thousands of people @gulaqfintech

[smallcase @smallcaseHQ]

🚨ICYMI
@gulaqfintech by Estee Advisors is now 5 years old on smallcase!

Catch this special episode where SEBI-registered RA @mysandz chats with Estee’s Founder, @styagi, about the journey so far, and what the future holds for quant investing in India.

https://t.co/oaaS2aAem4

[Sandeep Tyagi @styagi]

7. Awareness and true knowledge, and not additional rules, is the true antidote for unscrupulous behavior. Maybe exchanges should publish some of this data (annonymously) for people to understand market structures better. Now that the "secret" is out, the strategy will not work.

[Sandeep Tyagi @styagi]

5. A healthy market requires many voices, not a single overpowering shriek. Some way of limiting the potential sway any one trader can hold is important (though JS traded using multiple FPIs, and domestic entities, so this is tricky)

[Sandeep Tyagi @styagi]

6. A true market maker would have observed pricing differences caused by buying/selling pressure on certain instruments and provided liquidity (possibly losing in the process if they did not execute efficiently)

[Sandeep Tyagi @styagi]

4. SEBI has been considering limiting intraday delta positions. That would have alerted the regulator/exchange about this issue

[Sandeep Tyagi @styagi]

2. They traded net 4.3K crore (~25%) of the cash and future market in banknifty constituents, which would obviously create a market impact.
3. They built a much larger 32K crore short position in the options market at the same time

[Sandeep Tyagi @styagi]

SEBI led order (and analysis) against actions of Jane Street are eye-opening. Here are some thoughts.
1. Profit in Index Options is 43k crores. Most HFTs I know, all make money. If there are 1 cr retail investors, then average loss per person was 43K! F&O trading is zero sum.

[Sandeep Tyagi @styagi]

@smallcaseHQ has been a great partner for @gulaqfintech to bring its quant portfolios to all investors in India for the past 5 years

[smallcase @smallcaseHQ]

🚨ICYMI
@gulaqfintech by Estee Advisors is now 5 years old on smallcase!

Catch this special episode where SEBI-registered RA @mysandz chats with Estee’s Founder, @styagi, about the journey so far, and what the future holds for quant investing in India.

https://t.co/oaaS2aAem4

[Sandeep Tyagi @styagi]

#PLLLOT trying to teach your WhatsApp customer service for last 6 hours....no luck. It is certainly not 24/7