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
The last two sessions for Nifty have been quite disappointing, with the index experiencing a sharp decline of over 400 points. From its recent peak, Nifty has corrected by nearly 800 points, dragging it back into the congestion zone that existed between mid-May and mid-June. Market participants are hoping that the index doesn’t break below the lows of that previously established range. Notably, this marks the fourth consecutive week of decline for Nifty, which is typically the limit for a one-sided move. After such a stretch, a bounce or reversal leg is often seen.
Nifty – Weekly Chart Perspective
Despite the recent fall, the weekly change for Nifty was only -0.53%, suggesting that the market did try to recover. There’s a possibility that it might take another week or so before we see a more solid attempt at a comeback.
S&P 500 Overview
In contrast, the S&P 500 in the U.S. has been charging ahead like a “mad horse,” rising by 1.46% this week. A clean breakout has taken place in the U.S. markets, showing strong momentum and optimism that is clearly lacking in the Indian markets right now.
GOLD Overview
Gold attempted to touch new highs during the week, but the last one and a half sessions saw a steep drop. Ultimately, it ended flat compared to the previous week—no net gain or loss—but a breakout opportunity was clearly missed.
Dollar Index Overview
Meanwhile, the Dollar Index has inched lower to 97.6, down 0.8%. If it continues to break down below recent lows, we might see renewed bullishness in gold and perhaps some positive impact on emerging markets.
Benchmark Indices Overview
Looking at broader Indian indices, small caps took the biggest hit, losing nearly 3%. Midcaps fell by 1.5%, while the Nifty Next 50 and Nifty 500 declined by around 1%. The Nifty 50, by comparison, was relatively stable, down just 0.5%. On a one-year basis, Nifty Next 50 is still down 7%, small caps are down 0.5%, while midcaps are up 2%, and Nifty 50 is up 1.7%. The Nifty 500 is barely positive at 0.5%. Overall, it’s been a year of consolidation and waiting. However, looking at three- and five-year rolling returns, gains range from 14% to 25%, and 17% to 32% respectively, which offers a more positive long-term perspective.
Sectoral Overview
In the last week, sectors such as real estate (-4.9%), media (-5.7%), IT (-4.1%), and capital markets (-3.8%) saw significant losses. Financial services were among the few sectors to post gains (around 1%), with small upticks in services and banking as well. Overall, most sectors had a negative week.
When analyzing sectoral momentum, the top-performing areas across weeks and months have been metals, financial services, banking, and pharma. On the flip side, IT, media, FMCG, and oil & gas remain at the bottom. The underperformance of IT and FMCG—typically considered defensive plays—is somewhat concerning. Normally, when markets consolidate, defensives like FMCG tend to outperform, but this cycle has been different, with only pharma showing strength among them.
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.
