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MORNING BRIEF
Markets · Logistics · Technology · Startups · Three lines worth keeping
Friday, 4 September 2026
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Before the open
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| 01 |
NIFTY 50 last closed at 23,873.45 (-0.17%). |
| 02 |
Institutional flows: FII -2,346 Cr; DII +4,977 Cr. |
| 03 |
Overnight US: S&P 500 (SPY) +1.05%; Nasdaq 100 (QQQ) +1.19%. |
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Macro moves: ETH +4.53%; BTC +4.17%. |
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Where things stand
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India
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| Index |
Close |
Change |
| NIFTY 50 |
23,873.45 |
-0.17% |
| BankNIFTY |
57,380.60 |
+0.36% |
| India VIX |
11.45 |
-1.21% |
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Overnight
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| Index |
Close |
Change |
| S&P 500 (SPY) |
773.17 |
+1.05% |
| Nasdaq 100 (QQQ) |
717.67 |
+1.19% |
| S&P Futures |
71.47 |
+1.46% |
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CRUDE (USO)
142.09
+0.67%
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GOLD
4,477.05
+0.07%
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USD/INR
94.57
+0.01%
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TQQQ
$72.03
+3.49%
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BTC
$80,702
+4.17%
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ETH
$2,500
+4.53%
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| Best |
| Realty
+2.58% |
| Media
+1.74% |
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| Worst |
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Worth reading
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Markets
Large-cap operating margin fell 280 basis points to 14.3% in June quarter; mid- and small-caps showed smaller contractions at 12.8% and 7.7% respectively.
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Startups
Crusoe raised $3 billion at $30 billion valuation from Atreides Management and Valor Equity Partners, ten months after a $1.38 billion round.
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Technology
SoftBank priced ¥1 trillion retail bond at 4.75% coupon as higher rates boost bond appeal for corporate funding.
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Logistics
Off-price retailers including Burlington and Ross Stores received IEEPA tariff refunds totaling $106.6 billion as of August 21.
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Also on the radar
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Markets
Gold held at $4,475.75 per ounce awaiting U.S. payrolls data; traders pricing 50% chance of September Fed rate hike.
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Three lines to think about
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| Practice |
You have a right to the work, never to its fruits. Act without making the outcome the reason you acted. |
| Leverage |
Know who you are dealing with before you commit; misjudging one person can undo a year of work. |
| Signal |
Every forecast should arrive with the condition that would falsify it. |
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| Download the PDF |
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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
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