Funnycontrol | Crypto carol and more stock market terms explained by Santa Claus

Christmas has come early to the markets this year and one wonders if a Houthi Missile is what it will take to derail this rally. But Santa Claus is also shortly due in town (and I don’t mean South Bombay) and he would like to teach you a few stock market terms before you lose your money to speculation with a Ho Ho Ho

1) The G-sec stocking: G-secs are government securities and indicate rupee-denominated debt issued by the Indian government. My reindeer tell me this might be a good year to hang up your stocking for the next tranche of T-bills. T-bills refer to short-term g-secs of duration of under a year and not to be mistaken for the Tea bill of the government in power issued to the taxpayer. There are more probably people on the South Pole than there are honest taxpayers in India.

2) The Crypto Carol: We have gone to “Deck your wallets with boughs of bitcoins La La La La La Solana Na!” as crypto assets surge in true Christmas spirit.  But the grinch has a way of revisiting just when the whole world is doused in rate cut federal reserve spirits and this time the grinch could even be hiding in Yemen.

3) The T+0 jingle: SEBI is determined to play Santa in the markets this year by introducing a T+0 settlement cycle wherein the settlement of funds and securities would happen on the same day as the day of the transaction. This is in complete contrast to the T+social media post+police case+0 payment cycle of laid off employees trying to recover their F&F settlement from a failed startup.