Rahul Bhardwaj

Market falls on the day MSCI rebalancing triggers up to $1 billion of expected passive outflows. Twitter experts: "No, no. The real reason is a tax policy I've been complaining about for 3 years." Sometimes the horse is just a horse, not a zebra. Your tweets are full of pessimism only. You can't even see the basic truth.

Today it’s MSCI rebalancing Yesterday was crude Last week :we r Anti AI trade Last month : Iran conflict Last year : 50% tariffs by US Truth is FIIs have given up on us due to excessive n unpredictable taxation.This is when entire globe (AI & non AI) has got FDI & FPI flows.

Nobody claimed a Nifty 50 stock had to be removed for MSCI rebalancing to impact the market. MSCI flows are driven by both exclusions and weight changes. Several Nifty heavyweights such as HUL, Bajaj Finance, TCS, ONGC and UltraTech saw weight reductions, forcing passive funds to rebalance. So "no Nifty 50 stock was removed" is true, but it's also irrelevant. Weight cuts alone can generate substantial selling pressure. Don't create confusion.

There is no Nifty 50 stocks in MSCI rejig, still markets can react like this.

@Janilokal Don't mislead people. Betting companies were using loopholes to save taxes. Why are you not saying that the Supreme Court has agreed with what the Govt said? Don't spead misinformation.

Imagine running a business for 10 years, collecting and paying 18% GST exactly as required. A decade later, a "clarification" arrives saying the correct rate was actually 28% all along. Now you're told to pay the additional 10% GST for the last 10 years, retrospectively. That's essentially what happened in the RMG case. Whatever your view on the industry itself, retrospective tax demands arising from later "clarifications" should concern every business in India.

As for the FII sell-off, actual granular data proves it is just short-term "hot money" from tax havens shifting to AI tech stocks in Taiwan and adjusting to global bond yields. Meanwhile, our Domestic Institutional Investors (DIIs) are consistently buying and structurally absorbing the shock. All those boasting about merit and you can't understand such simple facts.

Indian stock market is bleeding just because of incompetent FM and Topi. This is what happens when uneducated fools get power! Enjoy the Amritkaal now!

Demanding the government "pay back" speculative trading losses shows zero financial literacy. The recent market dip was just short-term global "hot money" reallocating. Long-term domestic funds actually increased their holdings. Our markets are structurally robust, not state-sponsored casinos. Don't be so dumb.

Is she going to pay back people for the losses they have suffered? A doorknob could have done a better job.

@sagarikaghose @narendramodi West Bengal left TMC too. Your party's corruption is exposed too. Why this lack of confidence in TMC? Did you ask this question to Mamata Banerjee?

Foreign investors are leaving India. The @narendramodi regime’s governance deficit again exposed. Arbitrariness in law, social disharmony & general unstable environment turns into lack of confidence and foreign investors taking away their money. Why this lack of confidence in India? Do investors no longer see India as a long term destination? Modi regime won’t answer.

Imagine inventing a fake 'tax paperwork' theory when the actual FPI data just dropped. 😭 Long-term pension funds literally increased their Indian holdings by ₹12,718 cr. The ones selling are just unregulated 'hot money' from tax havens chasing AI stocks in Taiwan and adjusting to rupee depreciation. It has absolutely NOTHING to do with Indian tax rates, and the FM isn't opening files to appease short-term speculators. Delete this embarrassing fiction.

FM Sitharaman has started the paperwork to reduce taxes on the share market after FIIs pulled out ₹5 lakh crore in the last 765 days.

@iramsubramanian Chup be cockroach! Taiwan's entire market rally is based on one company TSMC which accounts for their 42 % market capitalisation. It's a bubble which can burst any day while India has a diversified market capitalisation. You are the real termite who tweets nonsense.

Shame on Nirmala Sitaraman for destroying the Indian stock market with her incompetence. The entire Modi cabinet is a bunch of termites that are eating up India from within. I hope traders teach these fools a lesson in coming elections.

@Tejusurya_ Fake news alert. Some people might get confused so putting it out for them.. Rest satire is good.

Reportedly, the RBI is in talks with the government to print NEET examination papers along with currency notes to prevent NEET paper leaks. (Sources)

Comparing active, hard-earned salary to passive equity wealth is a false equivalence. The Section 87A rebate is targeted relief designed specifically for active workers. Capital gains already enjoy highly preferential tax rates compared to standard income slabs. Expecting the government to make passive equity wealth entirely tax-free while calling them "greedy" for applying a concessional rate is just terrible economics. Progressive taxation is how a developing country runs, not a "cash cow."

There are reasons why FM Nirmala Sitharaman is really a bad FM: 1. Under the new regime she has deliberately kept capital gains outside rebate benefits because she knows that’s the easiest money for the government. A salaried employee earning within rebate limits can legally pay zero tax, but the moment someone earns through investments, mutual funds or stocks, the government still wants its share. Even if your total income is low, you still end up paying tax on capital gains. Imagine freeing up upto ₹60,000 extra in the hands of retail investors and middle-class families, that money would’ve gone back into spending, investing and economic growth. But no, capital gains has become the government’s guaranteed cash cow. 2. Middle class gets “tax relief” headlines every Budget, but then pays GST on almost everything daily. Relief with one hand, recovery with the other. 3. Small businesses today spend more time handling GST compliance, notices and portal issues than actually growing their business. 4. India keeps celebrating record tax collections every year while salaried people still feel poorer year after year. That itself says everything.

A "bhikhari government" doesn't win one of the biggest GST disputes in the country before the Supreme Court. What you're upset about isn't retrospective taxation. You're upset that the industry's preferred interpretation didn't survive judicial scrutiny. There is nothing disgusting in what the Govt did. You can't do everything as per your understanding and benefit.

Govt is such bhikari now that they will use retrospective taxes. This is a double edged sword. This is basically saying after you won something that the rules are changing now and as per that you didn’t win back then as well. Another reason for @nsitharaman to resign and give up because the people have definitely given up on the govt. Don’t know what they smoke up to come with these kind of rules. The govt is already fucking us raw with oil prices and every aspect of living. Now add this too. Imagine if they came and told you that your tax bill is going up because you have to pay for your previous income as well. Utterly disgusting.

Taiwan overtaking India isn't a broad economic victory; it's a single company riding a cyclical AI hardware boom. Taiwan Semiconductor Manufacturing Company (TSMC) now accounts for a massive 42% of Taiwan's entire benchmark index. TSMC shares surged around 49% this year alone solely because of global demand for AI chips. You are literally comparing India's entire corporate ecosystem to the stock price of one single chipmaker. No wonder you were kicked from Congress.

TAIWAN, WHICH HAS MUMBAI’S POPULATION, OVERTAKES INDIA. A country of just 23 million people — smaller than many Indian states — now has a stock market market capitalization larger than India’s. Don’t confuse that with just a bull run. India ( population 1400 million) is no longer the attractive destination for investment that it once was. What went wrong? #NoTelePrompter

Coming from a former UPA PMO adviser, trying to spin a routine tax-haven cleanup into a national crisis is peak irony. Have you forgotten when your administration landed India in the "Fragile Five," where any global ripple triggered a panic? The actual FPI data from your own chart shows it’s just hot money from tax havens like Singapore (-28.8%) shifting to chase short-term tech trends. Meanwhile, the bedrock institutional capital is completely solid—regulated US funds hold 43% of total FPI assets and pulled a microscopic 2% after market corrections. Don't mislead people.

Foreign Portfolio Investors are now leaving India in hordes. Singapore, Mauritius, UK, Luxembourg and even the US are leading the pack. Why? Look at the next pic and try to find where India stands as an Investment Destination. This is after selfies with all top leaders!

It takes a special level of denial to miss the structural transformation happening right now. While you look for any excuse to sound an economic alarm, strong domestic inflows are completely neutralizing foreign outflows. The sheer depth of local retail capital means a foreign exit no longer triggers a systemic shock. The Indian market is self-sustaining, insulated, and roaring --even if your tiny brain refuses to admit it.

₹12.6 Lakh Crore Wiped Out in 3 Months but Your SIP Just Saved India's Stock Market — NDTV

Imagine getting a PhD just to post economically illiterate memes. The Finance Minister you claim is "destroying the economy" steered India through a global pandemic while completely avoiding the runaway inflation that crushed Western economies. Under her watch, India consistently remains the fastest-growing major economy in the world, with FY26 GDP growth projected at a robust 7.6%. Keep drawing ideological cartoons while she delivers actual macroeconomic stability.

"We Will Destroy The Economy" starter pack:

The only thing leaving India is flighty "hot money" from tax havens, not stable capital. Speculative funds from Singapore and Mauritius dropped 28.8% and 25.7% simply to chase short-term AI trends in places like Taiwan and South Korea. Conflating routine global profit-taking by offshore trusts with a "weakened investment climate" shows a hilarious lack of financial understanding.

India was once among the world’s top destinations for foreign investment. In 2016, India ranked among the Top-10 economies for global FDI confidence. Today, India is not even in the Top-15. Investors are losing confidence. MoUs remain on paper, the investment climate has weakened, policy uncertainty is rising and trade deals are being signed from a position of compromise rather than strength. Despite all the tall claims of “Amrit Kaal”, the reality is that foreign investors are looking elsewhere while the @BJP4India Government continues with headline management instead of real economic reforms. @ArvindKejriwal @BhagwantMann

Declaring the economy "dead" might get you cheap engagement from your old Aapiya echo chamber, but the macro numbers are completely humiliating for your narrative. India's real GDP for FY26 is roaring at an estimated 7.6% growth, up from 7.1% last year, while real GVA is registering a strong 7.7%. If this is your definition of a tomb, you clearly need a basic lesson in economics instead of writing dramatic captions on Twitter for some engagement.

Agree, it a beautiful bouquet to place on the tomb of our dead economy.

Crying about 16 months of FII selling completely ignores the reality of the official data. What actually left was flighty hot money from tax havens like Singapore dropping 28.8% to chase short term AI trends. Meanwhile, the bedrock capital is completely secure. Regulated US funds hold 43% of total assets and pulled a microscopic 2% after adjusting for market corrections. True institutional investors are not panicking. So don't go so overboard.

@VijayKedia1 @iankitvora @nsitharaman @FinMinIndia Do you think she will listen to you !! I doubt Even @TVMohandasPai @Iamsamirarora had suggested some time back .. Last 16 months FII have been selling but they don’t bother .. Unfortunately we got undesired FM @nsitharaman

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.

What an interesting story. This busts many narratives about FPI exit. Looking strictly at the SEBI and NSDL registries, out of 12,199 registered FPIs, the core institutional heavyweights are refusing to dump their portfolios. Why? Because aggressively liquidating positions would only damage the value of their own highly profitable Indian holdings built since the 1990s. The only entities fleeing are flighty offshore trusts shifting tactical allocations. Yes there are some matters of concern but the continuous panic mode is totally uncalled for. #FPI #Investment @aajtak @narendramodi