OMKARA CAPITAL – DAILY NEWSLETTER (25th June, 2026)

Headlines
• Indian markets closed for holiday tomorrow
• Oil falls to $72/bl, now near pre-war levels
• Dollar Index at 101.5, multi-month high (commodities to take a breather)
• Sharp sell off on Gold, Silver & Bitcoin

Stocks To Watch

1. Auto Stocks will be focus ahead of monthly sales data
2. Commodities sell-off – metal sector to take a breather
3. Sterlite Tech QIP launched (wow)

CRUDE ERASES ALL THE GAINS SEEN DURING WEST ASIA WAR

Issues and reality for India

1. Crude oil – fall from USD 120 + to ~USD 72
2. Indian currency depreciation – appreciated from USD 97.5 to 94.4 (will push FIIs to come back to India)
3. India-USA deal: After UK, EU – India/ USA deal is near to be signed (have seen revival of export-oriented stocks which were crushed earlier)
4. Inactive govt: recent RBI steps are applauded by all analysts to bring back dollars to India (we have seen the impact in rupee already)
5. Indian earnings: super Q4FY26 for earnings seen and expect Q1FY27 to be even better post sharp fall in commodities prices and continuous demand revival
6. Sentiment – clearly v imp and that has improved drastically from fear to “fomo”

Don’t wait for FIIs to come back. With valuations reset after a two-year consolidation, investors should use the next 12 months to accumulate world-class businesses at rare discounts, positioning their portfolios to rise well before foreign capital flows back in.

It is safe to say that most of the issues we have discussed or feared in the last few months are sorted or seeing fast resolution. So, what happens next? Simple: Earnings will drive stock prices ahead.

Kab kiska stock chalega – yeh malum nahin, but pakka chalega. All styles of investment will be rewarded in the near-term as everyone is now super active with new ideas and all narratives. Abhi to I can read so many bullish brokerage and initiating reports on even Adani group which was untouchable few months back 😊

But wealth creation will depend on tightly holding core/ alpha stocks & not letting down the quality of your portfolio.

I had a call with a senior fund manager who attended Sansera plant visit. He told me clearly “Varinder – you are super lucky if you invested in Sansera at Rs 700 as large funds are not able to buy adequate quantity now. Also this co will surprise the best analysts estimates on the street. Don’t be surprised to see 40% plus growth in ADS segment going ahead”

Also – many are interested in new themes or under-performing sectors. Big guys are not interested in power/ metal sector which did super in last 6-12 months. New sectors like textiles, real estate, chemical are being hunted for value. Financial remains core sector given cheap valuations still.

So, I am not going to mediocre my portfolio by selling my core/ alpha stocks to buy some new SMEs names for sure. I may dabble or trade small if I have extra money – which is why forum is created to not to miss some more exciting names.

Just ride the wave now – don’t do any big reshuffling from strong to weak stocks plz. Good time to just go for a holiday and let winners do the job now.

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.