Udit Kakar Newsletter

Archives
Log in
Subscribe
October 5, 2026

Morning Brief — 5 Oct 2026

Indian shares fell 0.88% as foreign investors sold ₹9,484 crore. · Top story: Nifty under pressure after 8-week losing streak, but technical rebound may be near.

Indian shares fell 0.88% as foreign investors sold ₹9,484 crore. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
Morning Brief
Weekday edition
 
Monday, 5 October 2026
Markets · Logistics · Technology · Startups · One line worth keeping
Indian shares fell 0.88% as foreign investors sold ₹9,484 crore. US stocks rose overnight. Top story: Nifty under pressure after 8-week losing streak, but technical rebound may be near.
Before the open
 
01 India's NIFTY 50 fell 0.88%, closing at 22,421.95.
02 Foreign investors (FIIs) sold ₹9,484 crore of Indian shares; domestic institutions (DIIs) bought ₹10,042 crore.
03 In the US overnight, the S&P 500 rose 0.74% and the Nasdaq 100 rose 1.02%.
04 Elsewhere, Bitcoin rose 2.03% and crude oil fell 1.77%.
Foreign investors have been selling Indian shares for 6 sessions in a row.
Where things stand
 
India
NIFTY 50 22,421.95 -0.88%
BankNIFTY 54,450.75 -0.33%
India VIX (fear gauge) 14.44 +7.04%
Overnight
S&P 500 (SPY) — +0.74%
Nasdaq 100 (QQQ) — +1.02%
CRUDE (USO)
-1.77%
GOLD
4,160.90
+0.57%
USD/INR
96.20
-0.06%
BTC
$86,543
+2.03%
ETH
$2,735
+1.52%
 
The S&P 500, the Nasdaq 100 and crude oil are measured through funds that track them, so only their daily moves are shown.
Worth reading
 
Markets · 3 min
Nifty under pressure after 8-week losing streak, but technical rebound may be near
Nifty hit an eighth consecutive week of losses and approached support around 22,000–22,600, but oversold conditions and long-term moving average support suggest potential for technical rebound.
Technology
SoftBank’s Masayoshi Son Has Rare Cautionary Note on AI Safety
Speaking at a tech forum in Kyoto, Masayoshi Son called for global cooperation on AI safeguards, warning that superintelligence could pose a greater threat than conflict between humans if…
Startups
Google froze its open source bug bounty program due to a ‘significant rise’ in AI submissions
Google paused its open source bug bounty program from October 1 due to a surge in AI-generated submissions that were mostly invalid or contained hallucinations.
Markets
Negative Breakout: These 7 stocks cross below their 200 DMAs
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Technology
David Ellison’s Plan for Warner Bros. Is No Longer a Secret
Ellison has to pay down billions in debt while also investing in a streaming build-out
 
Conceal your intentions until the work is far enough along to speak for itself.
Download the PDF
Udit Kakar · Morning Brief · Research, not investment advice
Don't miss what's next. Subscribe to Udit Kakar Newsletter:
← Newer Morning Brief — 6 Oct 2026 Older → Sunday Reading — 4 Oct 2026
Powered by Buttondown, the easiest way to start and grow your newsletter.