FIIs have sold about US$11bn since October 2021 as compared to US$ 9bn selling in 2008. Many experts claim that still our market has not fallen like it had in 2008-09.
Let’s understand the FII selling intensity and its impact on our market. A Thread.🧵(1/7)

Data shows that the cumulative FDI inflow in Indian market till 2008 was US$ 82.3bn. During 2008 global financial crisis FDIs have sold US$ 9bn in Indian market (which is almost 11% of total investments) which led to a big fall in Indian indices.
PC: https://t.co/n45qCQMUP8
(2/7)
If you see the cumulative FDI inflow in Indian market from 2000 to 2021, then it is US$ 763bn (Yes!). FIIs have sold only US$11bn since October 2021, which is 'just' 1.5% of their total investments so far in Indian market.
Source: https://t.co/n45qCQMUP8
(3/7)
If you further dig deeper, the FIIs have cumulatively invested approx. US$195bn in Indian markets from 2000-21, the valuations of which have been appreciated to US$ 763bn. (That gives 3.9x gains on their investments so far.)
(4/7)
That means despite the recent selling by FIIs in Indian equities, FIIs are still sitting on significant gains and overall stock-to-flow ratio or gains on their total investments continues to be very high.
(5/7)
Further, if you look in rupee terms then approx.11 lakh crores have been cumulatively invested by FIIs in India so far, which is now valued at almost 57 lakh crores, which gives more than 5x gains on their investments.(Ratio appears lower in $ due to rupee depreciation). (6/7)
FIIs have sold only 1.5% of their total investments so far in Indian market since October 2021. Imagine what would happen to the Indian market if FIIs sell 11% of their total investments (which is approx. US$ 83bn!) like they had sold in 2008. I hope that would not happen.
(7/7)

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Tip from the Monkey
Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!


1. Yang


2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!


3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W


4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
**Thread on Bravery of Sikhs**
(I am forced to do this due to continuous hounding of Sikh Extremists since yesterday)

Rani Jindan Kaur, wife of Maharaja Ranjit Singh had illegitimate relations with Lal Singh (PM of Ranjit Singh). Along with Lal Singh, she attacked Jammu, burnt - https://t.co/EfjAq59AyI


Hindu villages of Jasrota, caused rebellion in Jammu, attacked Kishtwar.

Ancestors of Raja Ranjit Singh, The Sansi Tribe used to give daughters as concubines to Jahangir.


The Ludhiana Political Agency (Later NW Fronties Prov) was formed by less than 4000 British soldiers who advanced from Delhi and reached Ludhiana, receiving submissions of all sikh chiefs along the way. The submission of the troops of Raja of Lahore (Ranjit Singh) at Ambala.

Dabistan a contemporary book on Sikh History tells us that Guru Hargobind broke Naina devi Idol Same source describes Guru Hargobind serving a eunuch
YarKhan. (ref was proudly shared by a sikh on twitter)
Gobind Singh followed Bahadur Shah to Deccan to fight for him.


In Zafarnama, Guru Gobind Singh states that the reason he was in conflict with the Hill Rajas was that while they were worshiping idols, while he was an idol-breaker.

And idiot Hindus place him along Maharana, Prithviraj and Shivaji as saviours of Dharma.
Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.