Varinder Bansal 🇮🇳

Founder: Omkara Capital. Ex- Fund Manager. Ex-Head Of Research & Corporate Editor, CNBC India. Mission: Building wealth slowly, steadily but surely with Omkara

[ANI @ANI]

The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasises that these reports are not correct. In this context, it is clarified that the physical stock of gold is disclosed by RBI in its Monthly Bulletin. The physical stock of gold remains unchanged at 880.52 tonnes as on date: Reserve Bank of India (RBI)

[Varinder Bansal 🇮🇳 @vbomkara]

Mayaysian imports CVD has been extended for five years. Makes domestic solar glass manufacturing STRONG.

[Uday Kotak @udaykotak]

Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.

[ET NOW @ETNOWlive]

"India hopes to sign interim trade deal with US soon... India, US have resolved most of the issues on trade pact," says Commerce Minister Piyush Goyal

@PiyushGoyal @PiyushGoyalOffc @DoC_GoI #IndiaUStradedeal #DonaldTrump

[Nitin Mangal @nrmangal]

Capital Allocation issue is haunting to the darling of the market #amberenterprises #axiscades

Now management is talking about more acquisitions be watchful rather than giving thumps up by just narratives.

[Mario Nawfal @MarioNawfal]

🇮🇷 Every single stock on the Tehran Stock Exchange closed green today. Not one in the red.

First time in the exchange's history.

Iran's market is pricing in the deal before the ink exists. When a population that's been cut off from the internet for 5 months sees every stock go green on the same day, they know something is coming.

The Supreme Leader hasn't signed. The terms are still disputed. The market already decided.

Source: Middle East Spectator

[Varinder Bansal 🇮🇳 @vbomkara]

Indian equity market has become a casino for the FPIs sir. Sadly ignored by the regulators. Especially HFTs.

[Nilesh Shah @NileshShah68]

Indian Equity Market has witnessed massive activity from the FPIs on the day of MSCI rebalancing.

Out of total turnover of Rs 287,452 Crore on NSE , FPIs participation was Rs 198,465 Crore about ~ 69 %.

For a Net sell of Rs 20,637 crore FPIs traded Rs 198,465 crore about ~ 9.6 X

For a Net buy of Rs 16,260 Crore DIIs traded Rs 53,772 crore about 3.3 X.

Massive participation by FPIs in a market which isn’t on their radar ?

Is it MSCI rebalancing or HFT trades on MSCI rebalancing?

Out of the net FPI outflow of Rs 20,637 crore how much will be HFTs ?

[Varinder Bansal 🇮🇳 @vbomkara]

Levered AI bets are at record highs. Crazy.

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

Assets under management (AUM) in the 2x Leveraged Long SK Hynix ETF, listed in Hong Kong, are up to a record ~$10 billion, making it the largest single-stock leveraged ETF in the world.

The fund, launched in October 2025, has seen its AUM more than QUADRUPLE in less than 2 months.

It has now overtaken the 2x Leveraged Long Tesla ETF, $TSLL, which peaked at ~$8.5 billion in 2025.

The fund's AUM is also nearly as large as $TSLL and the 2x Leveraged Long Nvidia ETF, $NVDL, combined.

By comparison, the Samsung 2x Leveraged Long ETF, also listed in Hong Kong, has an AUM of $2.5 billion, which is 4 times smaller.

Meanwhile, the newly launched Korea-listed 2x Leveraged Long ETFs for SK Hynix and Samsung have attracted +$1.2 billion and +$816 million in just two days following their launch.

Levered AI bets are at record highs.

[Barak Ravid @BarakRavid]

BREAKING: Trump signals he is about to approve Iran deal

[ET NOW @ETNOWlive]

"India-US ties should be a defining relationship of the 21st century... Trade deal will be signed over the next few weeks and months," says US Ambassador to India, Sergio Gor

From opportunities as per the TRUST Initiative to trade between the nations, here are the top statements👇

@SergioGor #IndiaUS #USA #DonaldTrump #PMModi

[Varinder Bansal 🇮🇳 @vbomkara]

hoping 🤞

[Barak Ravid @BarakRavid]

🚨🚨ארה״ב ואיראן הגיעו להסכם על מזכר הבנות ל-60 יום להארכת הפסקת האש והשקת משא ומתן על תוכנית הגרעין של איראן, אך הנשיא טראמפ טרם נתן לו את אישורו הסופי, כך אמרו לי שני בכירים אמריקנים ומקור אזורי שמעורב בתיווך.
🚨🚨"הנשיא העביר מסר למתווכות שהוא רוצה כמה ימים כדי לחשוב על זה לפני שיקבל החלטה סופית", אמר בכיר אמריקני

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia ,

Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.

A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.

India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.

The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.

Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.

India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.

Respectfully submitted.

[Sidhant Sibal @sidhant]

Just in: US trade negotiating team to visit India from 1-4th June

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iranian state media announces initial details of the "Memorandum of Understanding" for the US-Iran peace deal.

INITIAL DETAILS OF THE DEAL, PER IRAN:

1. US Military forces will withdraw from the vicinity of Iran

2. The US Navy will lift its blockade of the Strait of Hormuz

3. Iran has committed to restoring the number of commercial transit ships through the Strait of Hormuz to pre-war levels within 1 month

4. Iranian state media says military vessels are not included in this draft agreement

5. The management and routing of ship traffic through the Strait of Hormuz will be handled by Iran in cooperation with Oman

6. If a final deal is reached within 60 days, this agreement will be approved in the form of a binding UN Security Council resolution

US oil prices extend losses to drop below $89/barrel.

[Secretary Marco Rubio @SecRubio]

Today, @DrSJaishankar and I signed a bilateral Critical Minerals Framework, marking a milestone in the strategic partnership between the U.S. and India.

This sets us on a path toward reliable & resilient mineral supply chains, reinforcing key objectives established by @POTUS.

[Uday Kotak @udaykotak]

A special moment.