OMKARA CAPITAL – DAILY NEWSLETTER (9th July 2026)

Yesterday, we saw a bump and not a collapse in the U.S.-Iran deal. In his usual style, Trump said in an interview that U.S. & Iran MOU is over, and the market just witnessed a sharp fall. Nifty went down by nearly 500 points, and as usual, panic was there. Crude also surged up by nearly 7%.

To the surprise, FIIs and DIIs were both buyers in the cash market, so it is right to say that the panic was mostly due to leveraged bets, system triggers & overbought positions ahead of the crucial earnings season, and the systems triggered many positions.

We continue to believe that this is the bump and not the collapse of the USA and Iran deal. Funny that in the morning Mr. Trump has come back and said that Iran has called him back and wants to do a deal badly. It seems we are reliving the last few months of ups and downs, tantrums, threats, and phone calls again.

I continue to believe that in the early season, one should be more disciplined because everyone is trying to make quick bucks.

For us, the earnings season is important, and today TCS will be reporting earnings, and tomorrow Indian Bank and L&T Finance will report earnings

The pre-quarter updates continue to be strong, this time coming from Phoenix Mills that the first quarter retail consumption was up by 32% for the company. Q1 FY27 retail consumption grew 32% YoY to Rs 4727 crore.

And a lot of QIPs, OFS, fund raising, block deals are still lined up. As I said, the Trump threat is just something we should get used to. I don't believe that the world leaders will allow Trump to get the world back into a chaos. So relax on that front, & focus on the earnings.

Warm regards,
Omkara Capital Private Limited
www.omkaracapital.in

Disclaimer: This newsletter is for informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.