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
Nifty closed the week down by 0.72%, marking a return to the congestion zone that has persisted since May. Out of the five trading sessions, there were only two positive days while the remaining three saw a decline. The short-lived breakout from a few weeks ago has now been completely reversed, bringing the index back into familiar territory.
Nifty – Weekly Chart Perspective
On the weekly chart, this reversal is even more apparent. The strong breakout that occurred four weeks back has been fully nullified. The 24,500 zone, which has repeatedly served as a support level over the past few months, now emerges as a critical support once again. Whether the market can hold this level or not will determine its short-term trajectory.
S&P 500 Overview
Meanwhile, S&P 500 continues to post strong moves. It was up 0.59% this week and closed at a new all-time high. This is particularly notable given the persistent concerns about the U.S. economy—ranging from recession risks and debt worries to uncertainty about interest rates. Yet, the market is defying the noise and continues to march ahead, signaling global investor confidence. Strength in the U.S. dollar index may also be partly responsible for weakness in emerging markets and in INR Gold.
GOLD Overview
Gold rose 0.25% this week to ₹9,831 per gram. That may seem like a modest move, but it’s holding firm at elevated levels. Just 15 months ago, gold was trading at ₹5,700 per gram—an extraordinary rally of over 70%. Importantly, the current pause in gold prices appears to be a sideways correction, not a steep fall. Historically, such sideways consolidation phases often precede further strong moves, and if the trend repeats, ₹10,000+ per gram could be a natural next target.
Dollar Index Overview
The dollar index was also up this week by 0.16%, though it did pull back on the final trading day. Overall, the structure of the dollar index remains weak, but the recent stability is something to watch. A continued strengthening in the dollar index could be negative for emerging markets as well as for gold.
Benchmark Indices Overview
Looking at benchmark indices for the week, the Nifty was down 0.72% and the Nifty 500 was flat. The Nifty Next 50 also stayed largely unchanged with a minor loss of 0.38%. However, midcaps and smallcaps bucked the trend and posted gains of around 1.5%, indicating that broader participation continues despite the frontline index slipping.
Sectoral Overview
Among sectors, real estate was the top performer this week with a 3.8% gain, followed closely by media (+3.9%) and capital markets (+3.3%). On the losing side, defense stocks declined by 4.1%, private banks dropped 1.9%, and IT stocks were down 1.5%. Interestingly, FMCG held steady, showing some defensive positioning in the market. Pharma stocks fell slightly (–0.7%), but select names remained resilient. MNC stocks and tourism-related names also saw some positive traction.
In the sectoral momentum score table, capital markets still remain in the top league, followed by PSU banks, tourism, metals, and pharma. Banks and financial services are currently showing the strongest momentum. However, capital markets, which had been leading, have shown some weakness in the very short term, likely due to regulatory overhangs like the Jane Street issue. On the lower end of the table are sectors like IT, media, real estate, auto, and energy. Despite being at the bottom, some green shoots are visible in FMCG, tourism, and MNCs, hinting at possible durability in those pockets. The worst-hit in recent weeks remain defense, real estate, and capital markets.
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.
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.
