Sumit Behal

Speculation | Stocks | Money | Situational Awareness | Co-Host @indiamoneylive

[Sumit Behal @sumitkbehal]

https://t.co/pe1zRsk5f1

[Sumit Behal @sumitkbehal]

@cards_wizard @dakuwithchaku imagine HDFC saying this FD is now additional requirement for the card

🤡

[Sumit Behal @sumitkbehal]

@SimpleAditya_9 Their website is showing multiple cards via FDs and I’ll confirm it with RMs tomorrow

[Sumit Behal @sumitkbehal]

HDFC Bank is now offering BizBlack card with eligibility criteria of having a FDs worth ₹5.55 lacs

This credit card can single handedly make Fixed Deposits cool again in the white collar circle of India

[Sumit Behal @sumitkbehal]

@cards_wizard @dakuwithchaku Will connect with RM tomorrow

It is showing me that I’m already having a card with HDFC Bank

[Sumit Behal @sumitkbehal]

@HarshMkw 💯

[Sumit Behal @sumitkbehal]

If your next hire doesn't have an active Claude/ChatGPT subscription, you are probably hiring a horse in the era of cars

A $20 subscription is the leading indicator of someone who loves to try new things and think in terms of efficiency

You win modern wars with modern weapons

[Sumit Behal @sumitkbehal]

@paraschopra reddit before 2020

[Sumit Behal @sumitkbehal]

@CommerceGuruu banger

[Sumit Behal @sumitkbehal]

@SuperDhaasu I’m sorry , mean reversion guru

[Sumit Behal @sumitkbehal]

Retail investors kept doing blind SIPs in Nifty and missed a clean 10,000 points rally in the Sensex

You should never bet against India's boomer index

[India Money Live @indiamoneylive]

How does India tax foreign investors on gains they never made?

Let's assume FII invests $100 and makes 2% in rupees returns

The rupee weakens, so when they take the dollars home, they've made a net loss. India still taxes the rupee gain

Most countries tax by residence but India is an outlier with source-based taxation

[Sumit Behal @sumitkbehal]

@Iqbal0866 we are working on this

[Sumit Behal @sumitkbehal]

Nifty is up 3000 points in just 12 days

48 out of 50 Nifty stocks have delivered positive returns during this period

Major Contributors to Nifty's rally

HDFCBANK : +411 points
ICICIBANK : +314 points
RELIANCE : +216 points
L&T : +157 points
BHARTIARTL : +128 points

[Sumit Behal @sumitkbehal]

@VCPSwing brilliant work

[Sumit Behal @sumitkbehal]

Nifty is just 1000 points away from hitting all time highs

[Sumit Behal @sumitkbehal]

@JADDU22 by working only 20 hours per week

[Sumit Behal @sumitkbehal]

@sandypuns_ @volklub 100% win

🚔

[India Money Live @indiamoneylive]

How you can end up paying tax despite losing money as a swing trader?

If you lose ₹1,00,000 an intraday trade & then you make ₹1,00,000 on a trade where you sell stock next day, you still have to pay tax

You cannot combine both trades together & have to pay 20% STCG tax on your second trade

You should keep a check of distribution of profit/loss in Short Term trading & intraday trading to avoid such scenarios

[Sumit Behal @sumitkbehal]

@varnityadav Claude Whey 5.6

[Sumit Behal @sumitkbehal]

If you are in your 20s, get a paid plan from Claude

Go into debt if you have to