The WeekendInvesting Newsletter is a daily newsletter that summarizes all the stories we cover during the day(market nuggets), including the daily byte that we shoot every evening. This newsletter will be delivered to your email every evening on market days, providing you with a wealth of market-related information. The newsletter includes both summaries and long-form blogs for all the market nuggets covered. These blogs are also link.
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Nifty on the Daily Chart
It was a disappointing week for the Nifty, closing 1.22% lower. The index is breaking down below the 20-day moving average, although there’s no danger yet of a major downtrend. However, the recent gains that took the Nifty above its congestion zone have now been lost, and it looks likely we may get stuck in that range again going forward.
Nifty – Weekly Chart Perspective
On the weekly chart, it’s clearer that while the Nifty tried to push higher, it has stalled. More consolidation may be required before the market makes a decisive move. The base around 24,300 to 24,400 remains crucial support, sitting about 700 points below where we are now, so there isn’t too much immediate cause for alarm.
S&P 500 Overview
The US market, or the “mother market,” was absolutely flat this week, forming a doji star on the chart. It could potentially be making a top, though we’ll only know for sure if it breaks below the two-week low. That would be the first indication that the strength behind the recent breakout might not be sustainable—a key point to watch in the coming weeks.
GOLD Overview
Gold rose by 0.93% this week, closing near 9,800 rupees per gram. Gold has been consolidating since April. If we look at the pattern over the last year and a half, gold has typically rallied, consolidated, and then rallied again. Each run has seen prices rise by 1,000 to 1,500 rupees per gram. Naturally, the next logical expectation is for another leg higher, potentially crossing 10,000 rupees per gram once the move resumes.
Dollar Index Overview
The dollar index rose 0.91% this week, which is somewhat surprising since gold also moved up. Typically, a rising dollar index puts pressure on both gold and emerging markets. If the dollar strengthens further, it could create more headwinds for Indian markets and commodities like gold.
Benchmark Indices Overview
Looking at the benchmark indices overview, all indices ended the week lower. Small caps were the least impacted, down just 0.6%, while mid caps saw the biggest hit, falling 1.5%. The Nifty, Nifty 500, and Nifty Next 50 were all down between 1% and 1.2%.
Sectoral Overview
Among sectors, the defense sector lost the most ground this week, declining 4.8%. Capital markets, rattled by the ongoing Jane Street saga, fell 3.4%. IT stocks, facing disappointment over TCS results, were down 3.8%, and media declined 3.3%. These were some of the week’s bigger losers. FMCG, however, stood out as a relative winner, signaling that the market is currently in defensive mode. While pharma was slightly down by 0.7%, individual stocks held up relatively well. MNC stocks and private banks also performed decently, and tourism stocks managed a small positive outcome.
The sectoral momentum score table reflects the market’s shifting dynamics. Banks sit at the top, followed by financial services and private banking. Capital markets, which were recently leading, have seen their momentum disturbed in the short term. Tourism and MNC stocks are also ranking well. At the bottom of the list, media, IT, energy, auto, and real estate are all struggling to generate positive momentum. Nonetheless, some green shoots are visible in sectors like FMCG, central public sector enterprises, tourism, and MNCs. These areas may emerge as more durable rallies in the future. On the flip side, capital markets, defense, real estate, and IT stocks have been sharply hit in recent weeks and months, reflecting the complex and divided nature of the market landscape.
Introducing Mi Allcap GOLD
We’re excited to announce the launch of Mi AllCap GOLD, a new core investment strategy from the House of WeekendInvesting.
This strategy is designed for investors who want broad equity exposure with a built-in hedge. It combines:
25% Large Caps – for stability
25% Mid Caps – for growth
25% Small Caps – for alpha
25% Gold ETFs – as a permanent hedge
Mi AllCap GOLD follows a rules-based, momentum-driven approach to select the strongest stocks in each segment. The portfolio is rebalanced monthly to ensure it stays aligned with market leadership — with no human discretion involved.
Why Mi AllCap GOLD?
All-in-one exposure to all equity tiers + gold
Rebalance Frequency : Monthly
Momentum Style : Rotational
Ideal portfolio size: ₹5–50 lakhs
Fully systematic, data-backed and momentum driven
Whether you’re just starting your wealth journey or looking to anchor your core portfolio, Mi AllCap GOLD offers a powerful blend of momentum, diversification, and downside protection.
Special Launch Offer
Lock in your subscription at a 25% discount on the annual subscription for Mi AllCap GOLD.
This discount applies not just to your first year, but to all future renewals as well — for as long as you stay subscribed.
👉 Valid only till 16th July 2025 (Wednesday)
Don’t just diversify — balance wisely.
Rebalance Update
We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance.
Note: We are not including LIQUIDBEES as an ADD or an EXIT count.
