Udit Kakar Newsletter

Archives
Log in
Subscribe
September 2, 2026

Morning Brief — 02 Sept 2026

MORNING BRIEF
Markets · Logistics · Technology · Startups · Three lines worth keeping
Wednesday, 2 September 2026
 
Before the open
 
01 NIFTY 50 last closed at 24,055.80 (-0.10%).
02 Institutional flows: FII +1,143 Cr; DII +1,847 Cr.
03 Overnight US: S&P 500 (SPY) -0.69%; Nasdaq 100 (QQQ) -1.27%.
04 Macro moves: Crude (USO) +5.46%; TQQQ -3.85%.
Where things stand
 
India
Index Close Change
NIFTY 50 24,055.80 -0.10%
BankNIFTY 57,409.60 -1.06%
India VIX 11.25 +0.54%
Overnight
Index Close Change
S&P 500 (SPY) 761.78 -0.69%
Nasdaq 100 (QQQ) 707.64 -1.27%
S&P Futures 70.50 +0.51%
CRUDE (USO)
141.00
+5.46%
GOLD
4,309.75
-0.43%
USD/INR
95.07
+0.09%
TQQQ
$69.15
-3.85%
BTC
$76,969
-2.02%
ETH
$2,400
-2.71%
Best
IT +0.98%FMCG +0.94%
Worst
Healthcare -1.60%Pharma -1.45%
Worth reading
 
Markets
Milky Mist Dairy Food shares surge 10% on strong Q1 growth
Q1 EBITDA margins expanded on operational efficiencies and higher volumes; yogurt and ice cream revenue grew 153% and 60% year-on-year.
Technology
AI Startup Cognition Set to Raise Around $1 Billion at a $47 Billion Value
Artificial intelligence coding startup Cognition AI Inc. is set to close a new round of funding that would vault its valuation to about $47 billion, according to people familiar with the…
Startups
Larry Page’s flying car company Pivotal loses its CEO
CEO Ken Karklin left after more than four years; Mike Ross from the board will serve as interim replacement.
Logistics
Manufacturing growth slows in August as economic concerns loom: ISM
ISM Manufacturing PMI fell to 54.6% in August from 55.6% in July; pricing volatility, lead times, and tariffs cited as main concerns.
Also on the radar
 
Markets
ICICI Bank closes in on HDFC Bank for Nifty’s top spot as share trends diverge
ICICI Bank's Nifty weight rose to 9.45% while HDFC Bank's fell to 9.85%, narrowing the gap to levels unseen since January 2010.
Three lines to think about
 
Practice You do not control the field. You control your conduct inside it.
Leverage Court attention deliberately, then control what it lands on.
Signal If the chart begins at a convenient year, go and look at the inconvenient one.
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 — 03 Sept 2026 Older → Morning Brief — 01 Sept 2026
Powered by Buttondown, the easiest way to start and grow your newsletter.