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Nifty on the Daily Chart

The week and the month have both come to an end — and what a month it’s been. Several developments shaped the market mood, the biggest being India’s Q2 GDP data, which came in better than expected. The headline numbers gave markets some comfort, signaling that growth remains strong. However, a closer look reveals that nominal GDP growth is still low, largely because inflation has cooled. That’s a double-edged sword: while low inflation helps consumers, it caps nominal growth, and in turn, corporate revenue growth. Many analysts argue that until nominal GDP accelerates, markets struggle to sustain rallies, since pricing power remains weak. The bright side, though, is that low inflation gives the RBI room to cut rates sharply, perhaps as early as December. If that happens, it could be the next big liquidity trigger.

The broader market setup still shows polarization — a theme we’re seeing not only in India but globally. The Nifty 50 has managed to make a new high this week, but the breadth underneath remains thin. It’s a market of “haves” and “have-nots.” The same dynamic is visible in the U.S., where the Russell 2000 (broader index) lags far behind the S&P 500 and NASDAQ, both of which are hovering near all-time highs. This widening divergence means that while the index looks healthy, many individual stocks aren’t participating. It’s a reminder of how essential it is to focus on strength — avoiding laggards and aligning with sectors that are currently in momentum.

Looking at the daily Nifty chart, the week had one strong, decisive session midweek surrounded by four sluggish ones. Still, that one move was enough to push the Nifty to a fresh weekly close, ending up 0.5% for the week.

Nifty – Weekly Chart Perspective

The weekly chart paints a clearer story. After retesting its trendline three weeks ago, the market has climbed steadily to around 26,200, holding above key supports. The trend remains up, but the enthusiasm seems muted — there’s no “urgency” or strong momentum behind the move. The structure is sound, but the energy beneath it feels like cautious optimism rather than full-blown bullishness.

S&P 500 Overview

S&P 500 rebounded sharply, rising 3.73% after four weeks of losses and closing at an all-time high. The turnaround suggests that the recent correction might have just been a pause, not a reversal.

GOLD Overview

Meanwhile, gold surged 3.5%, also clocking a record high at ₹12,842 per gram. This parallel rise across equities and gold underlines one key theme — the money base is expanding again. Liquidity remains abundant, and in such an environment, “everything goes up” — from stocks and real estate to precious metals. The underlying message is simple: in a world awash with liquidity, being uninvested carries its own cost.

Dollar Index Overview

Dollar Index slipped 0.72% this week. The U.S. administration continues to prefer a weaker dollar to boost exports, but so far, the currency hasn’t rolled over meaningfully. Once that decline begins, it could unlock another phase of risk-on sentiment globally, especially for emerging markets.

Global Indices Overview

In the Global Indices Overview (in dollar terms) — Russell 2000 led with a 5.5% weekly gain, followed by NASDAQ, Dow, and S&P 500, all up between 3.5–4.5%. Japan’s Nikkei added 4%, impressively so given that its currency weakened at the same time — meaning foreign investors made even more in local terms. Germany rose 3.8%, while Brazil continues to dominate the 12-month leaderboard with a 42% dollar return, followed by Hang Seng (+33%) and Germany (+33%). India, by contrast, has been flat in dollar terms this year — respectable but not exceptional. Over five years, however, India remains among the steady outperformers, while China and Australia continue to lag.

Global Momentum

Global Momentum Rankings echo this narrative. The broader U.S. markets are regaining leadership, with NASDAQ, Canada, and Germany moving up sharply. Nikkei’s short-term jump has been equally striking. Meanwhile, India has slipped relatively, holding in the lower half of the table. It’s not weakness per se — more a reflection that global capital is chasing better near-term momentum in other markets.

Benchmark Indices Overview

Domestically, benchmark indices were modestly positive. The Nifty 50 gained 0.5%, midcaps rose 1%, while small caps were flat. The Nifty Next 50 and Nifty 500 also went nowhere, underscoring the narrowing participation

Sectoral Overview

At a sectoral level, pharma stocks led with strong gains, reclaiming leadership after weeks of underperformance. Media (+1.7%), banks (+1.5%), and metals (+1.5%) followed, with PSU banks (+1.6%) and private banks (+1.4%) also contributing. On the losing side, CPSEs, oil & gas, energy, and defense slipped, showing fatigue in government-linked and energy-heavy spaces. Over the past year, capital markets (+28%), PSU banks, autos (+20%), financials, and metals have been the strongest performers. On the flip side, IT (-13%) and real estate have struggled, though the latter still boasts solid multi-year returns — +26% in 3 years, +28% in 5 years. The undisputed star, however, remains defense, up 59% CAGR over 5 years — a testament to consistent order flows and policy support.

The sectoral heatmap for momentum continues to crown PSU banks and capital market stocks as the top spaces, alongside autos and metals. These sectors show sustained upward continuity — the kind of trend-following behavior investors love. At the bottom lie public-sector enterprises, realty, FMCG, energy, and media. Interestingly, pharma is beginning to show green shoots, while media has shown a short burst of momentum that might not last. The recent dip in oil & gas and defense could just be consolidation after long rallies.

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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

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

Note: We are not including LIQUIDBEES as an ADD or an EXIT count.