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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The weekly chart appears almost horrible, marked by seven continuous red candles, which is a rare phenomenon. Usually, after two, three, or four weeks, a sharp downward move occurs representing capitulation to establish an intermediate bottom. While that appeared to happen in the fifth week, the following two weeks remained sluggish and downward. A true flush-out week has not occurred yet, meaning the market is dropping in a very controlled manner rather than being out of control.
Nifty – Weekly Chart Perspective
The market is again approaching critical support levels, specifically around the 22,000 odd levels, which sits barely 3 to 4 percent away. Reaching that level within the next week or two seems unlikely unless a sharp global move in oil or other critical news challenges that support, as there is currently no expectation of dropping much further. In fact, the market is so oversold right now that a sudden sharp upward move lasting one to three weeks is certainly on the cards as a potential play.
S&P 500 Overview
Meanwhile, US markets continue to thrive, gaining 1.2% again this week and sitting near all-time highs despite yield pressures and prevailing market narratives. However, the broader US market is not doing well, with more than 40 or 45 percent of S&P 500 stocks trading below their 200-day moving average. Market levels are being sustained primarily by AI and specific pockets, as the Magnificent Seven plus AI stocks—making up the top ten stocks—hold the market up.
GOLD Overview
Gold was weak over the last seven days, dropping 2% and remaining stagnant after briefly showing signs of breaking out. A critical pivot for gold may come near the US midterm elections, driven either by narrative shifts suggesting interest rates will not rise further or by President Trump forcing the Federal Reserve to cut rates as he has vocally advocated, both of which would cause gold to rally hard.
Gold remains naturally sluggish when yields are elevated, as US bond yields of 5 to 5.5% attract capital away from equities and gold due to strong returns. Meanwhile, investors who locked into bonds at 0.5 or 1% yields are hurting badly, while new money flows toward higher interest rates. Should yields rise to 6 or 7%, market conditions will grow increasingly difficult. In the initial phase of interest rate increases, stock markets often rise alongside rates accompanied by price-to-earnings expansion.
However, beyond a certain threshold—estimated at 5 to 5.5% for the US—a sudden collapse in price-to-earnings ratings occurs because debt cannot be serviced at such high rates and extensive older debt must be rolled over in the current year.
Crude Oil, USD/INR & India Vix Overview
On the macro front, the USD-INR remained stable at 95.8, while Brent oil fluctuated before closing the week down 5.6%, though Monday is likely to see prices flare up again following announcements that President Trump is not willing to take action before the midterm elections. The VIX remains reasonably stable at 12, while the Dollar Index stays strong at 101, which historically creates headwinds for non-dollar assets, emerging markets, and precious metals.
Global Indices Overview
Comparing global markets in dollar terms over the last week shows South Korea leading with a 4.7% gain, Nasdaq up 2%, alongside marginal gains in the S&P 500 and Japan, while Brazil, Australia, Nifty, and Nifty 500 declined. On a one-year basis in dollar terms, South Korea is the standout performer at 117%, Japan delivered a surprise gain of 38%, Brazil gained 30%, and India is trending down quite badly. Foreign portfolio investors increasingly view India as an anti-AI trade, with fund managers openly stating that India serves as the destination for anti-AI positioning. Without direct exposure to the AI industry that is currently pulling global capital, no quick fix exists unless capital flows stabilize or the government introduces rational tax moves to improve market sentiment.
Global Momentum
In global index momentum scores across periodicities, Nasdaq, South Korea, Japan, and the S&P 500 occupy the top spots, while Nifty, France, Australia, and China reside in the bottom five, reflecting where global fund managers are concentrating action.
Benchmark Indices Overview
The past week was a disappointment for Indian mid-caps, which fell 2%, while the broader Nifty 500 dropped 1%, Nifty Next 50 fell 0.3%, small caps lost 0.7%, and the Nifty 50 declined 0.8%. Among sectors, only real estate performed well with a 3% gain, alongside pharma at plus 1% and FMCG, while IT, banking, services, private banking, and financial services were all beaten down.
Sectoral Overview
Sectoral momentum across periodicities shows pharma, metals, defense, and real estate at the top, while IT, financial services, services, and infrastructure remain in the bottom four positions.
Pharma and metals currently lead the sectoral rankings. Capital market stocks faced heavy selling following the announcement of the NSE IPO, which dampened expectations for higher valuations. Banking stocks fell sharply, and defense stocks collapsed over both weekly and monthly horizons.
Auto and real estate sectors continue to feel the pressure of the ongoing interest rate hike cycle, displaying notable weakness over the past month. FMCG showed slight improvement from recent lows, whereas IT, Central PSEs, and PSUs continue to underperform.
Introducing All Seasons
Markets reward patience — but rarely make it easy.
Even index investors — owning India’s top 50 companies through the Nifty 50 — struggle to stay the course. Drawdowns hurt, flat markets drain conviction, and emotions often break compounding faster than crashes do.
That’s exactly why we built All Seasons — a simple, rule-based strategy that helps you stay invested through every phase of the market by dynamically balancing between Nifty 50 (for growth) and Gold (for stability).
📈 Growth — Nifty 50
Own India’s strongest 50 companies — the backbone of our economy. Participate in the nation’s long-term growth story without picking stocks or timing entries.
🛡️ Stability — Gold
Crises strike without warning. Gold rises when equities stumble — acting as your portfolio’s natural hedge and emotional anchor.
⚙️ The Engine Behind It
All Seasons shifts allocations every fortnight based on market conditions:
- When equities run hot, exposure trims automatically.
- When they’re beaten down, the system increases weight.
- Gold moves in the opposite direction — balancing every phase.
No guesswork. No emotion. No fear of missing out — just a calm, intelligent portfolio that adapts to markets for you.
Who is this for?
✅ Index investors who want smoother participation
✅ New investors who prefer ETFs over stock-picking
✅ Professionals who can’t invest in direct equities
✅ Seasoned investors looking to add stability to their core
✅ Anyone who wants to stay in control without daily decisions
Price: ₹4,999 per year
Recommended Capital: ₹2–30 lakh
Introducing Mi Allcap GOLD
Mi Allcap GOLD 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
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
