In a post on X, Chadha pointed to a series of market-moving claims that surfaced this week, including reports of approved shipments of Russian oil to India and Chinese contractors being allowed to bid for government contracts. He noted that these reports were circulated by global social media handles, often citing anonymous sources.
Chadha also flagged claims that former US President Donald Trump had approved a 500% tariff on India, calling them misleading. “Too much misinformation,” he said, adding that such rumors often surfaced around weekly or monthly derivatives expiration sessions, adding to volatility.
“Tuesday’s news about sanctioned Russian oil headed towards India. Chinese contractors allowed to bid for government contracts today. By all global handles and citing some sources.. Usually such news comes on weekly/monthly expiry. Some handles talked about Trump approving 500% tariff on India. Lots of misinformation…,” said C of Partner and Complete.
Shares of Bharat Heavy Electricals (BHEL) and other capital goods tumbled as much as 14% on Thursday following a media report that said the finance ministry plans to scrap five-year-old restrictions on Chinese companies bidding for government contracts. The move could come as the government seeks to revive trade ties with the dragon nation amid an easing of diplomatic and border tensions, Reuters reported, citing two sources.
Read more: BHEL, ABB, L&T tumble up to 14% after report that government may lift curbs on Chinese firms
To address the issue, Chadha suggested that the government should consider setting up an official social media handle to communicate immediately and counter false or misleading information. He said such a system could help clarify facts in real time, improve transparency and reduce scope for panic-driven trading.
“Suggest an SM handle to the government to communicate and deal with.. may create disorderly movements and ultimately systemic risks..,” Chadha said.
Tuesday’s news of sanctioned Russian oil moved to India
Today, Chinese contractors are allowed to bid for government contracts
By all global handles and citing some sources.. Usually such news comes on a weekly/monthly end.
Some handles talked of sanctioning 500% tariff…
— Gurmeet Chadha (@connectgurmeet) January 8, 2026
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