Udit Kakar Newsletter

Archives
Log in
Subscribe
September 1, 2026

Morning Brief — 01 Sept 2026

MORNING BRIEF
Markets · Logistics · Technology · Startups · Three lines worth keeping
Tuesday, 1 September 2026
 
Before the open
 
01 NIFTY 50 last closed at 24,080.40 (-0.39%).
02 Institutional flows: FII -7,986 Cr; DII +4,589 Cr.
03 Overnight US: S&P 500 (SPY) -0.30%; Nasdaq 100 (QQQ) +0.05%.
04 Macro moves: Crude (USO) +3.08%; ETH +2.01%.
Where things stand
 
India
Index Close Change
NIFTY 50 24,080.40 -0.39%
BankNIFTY 58,024.95 +0.92%
India VIX 11.04 +3.37%
Overnight
Index Close Change
S&P 500 (SPY) 767.05 -0.30%
Nasdaq 100 (QQQ) 716.76 +0.05%
S&P Futures 70.14 -0.99%
CRUDE (USO)
133.70
+3.08%
GOLD
4,444.98
-0.09%
USD/INR
95.18
+0.05%
TQQQ
$71.92
+0.10%
BTC
$78,543
+1.06%
ETH
$2,466
+2.01%
Best
Healthcare +0.85%Pharma +0.72%
Worst
Media -2.84%Metal -2.45%
Worth reading
 
Markets
RBI's net short forward positions hit record $137 billion in July
RBI's net short forward positions jumped $34 billion in July to a record $137 billion, driven by swaps written under a special window for forex-inflow programmes.
Technology
MediaTek Shares Soar 10% After Blockbuster Nvidia Investment
MediaTek shares soared after receiving a $3.5 billion investment from Nvidia, Nvidia's largest direct investment outside the US.
Startups
Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year
Bengaluru startup Alteon raised $2.5 million in pre-seed funding to develop autonomous aircraft that extract wind energy to stay airborne for over a year.
Logistics
Dollar General deploys AI across distribution centers, stores
Dollar General is deploying AI across its 21,000 stores and 34 distribution centers using Relex Solutions' platform to coordinate forecasting, replenishment and ordering.
Also on the radar
 
Markets
MSCI rejig disrupts arbitrage playbook, fuels late-session volatility
MSCI index rebalancing drove ₹39,718 crore in closing auction volumes, with passive fund flows causing sharp swings in several large-cap stocks.
Three lines to think about
 
Practice Anger starts as clouded judgement and ends as forgotten purpose.
Leverage Guard your reputation with more care than your position — the position is replaceable.
Signal A number without a denominator is decoration.
Download the PDF
Market data: NSE India, Twelve Data, Yahoo Finance and CoinGecko. Headlines from public RSS feeds; titles link to their original sources. Story blurbs are drafted by Claude from the linked articles — all figures above come from the data sources, not the model. Personal research note; not investment advice.
Udit Kakar · Morning Brief · Research, not investment advice
Don't miss what's next. Subscribe to Udit Kakar Newsletter:
← Newer Morning Brief — 02 Sept 2026 Older → Morning Brief — 31 Aug 2026
Powered by Buttondown, the easiest way to start and grow your newsletter.