OMKARA CAPITAL – DAILY NEWSLETTER (11th June, 2026)
IT'S ALWAYS DARKEST BEFORE THE DAWN
HEADLINES
• US launched attacks on Iran and accused it of delaying negotiations (a characteristic Trump pressure tactic to force a deal)
• US inflation came at 4.2%, highest since April 2023
• SpaceX listing on 12th June
MARKET COMMENTARY: IT'S ALWAYS DARKEST BEFORE THE DAWN
Before reading further: Korean and Taiwanese markets have corrected almost 20% from recent highs, and many AI and quantum-computing stocks nearly 50%. I am not sure why SGX worries social media so much. Investors/ traders made big money in the last 100 days of war by focusing stock specific. The focus must stay highly stock-specific, and many stocks have provided — and will continue to provide — opportunities to invest on panic-driven, noisy days.
Hoping Trump aggression leads to some resolution of this war
It has been almost 104 days of the US–Iran war with no outcome and continued stalemate. Several times a deal has come close, only to fall through. Strikes have continued even amid ceasefires. Trump now appears to have lost patience and is prepared to keep striking Iran until an agreement is signed. The US has attacked Iran over the past two days and signals further strikes until a deal is reached. We hope to see a resolution — and ultimately a deal — soon, following this recent US aggression.
Amid all this, US equities were weak yesterday (Dow down 900 points), gold, silver and bitcoin declined, and crude moved higher. On top of that, US inflation came in at its highest in three years. The SpaceX listing tomorrow has also raised concerns about liquidity being drawn out of the market. Oracle earnings missed estimates, and — surprising many — banks have declined to extend a $6 billion margin loan to SoftBank backed by its stake in OpenAI.
In short, there is no single cause for the current global volatility — war is only one factor. Mean reversion is underway in the AI theme across global markets, leverage is being hurt the most, and valuations are normalising toward fair levels
On the other side, Indian markets will also participate in this global volatility, despite strong domestic measures and a now-stable currency. We will use this period to hold our existing names and study new ones, and we will add to high-conviction positions on any panic.
We have shared a new stock idea with our clients – do read in the data room plz.
Stay calm and patient — better times lie ahead.
Warm regards,
Omkara Capital Private Limited, India
www.omkaracapital.in
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
