Where is the market headed?
The precious metals market is witnessing a strong and steady surge. Both gold and silver are refusing to slow down, showing only small intraday or one-day corrections. This rise clearly points to a shift in the global monetary system and the world order. Most people may not yet realize the seriousness of this change as we live through it, much like a frog sitting on a slowly heating pan, unaware that the temperature is rising.
In contrast, the equity markets are dull and lacking excitement. Despite being close to all-time highs, there is no strong enthusiasm or fear among investors.
Market Overview
Today’s trading session saw a gap-up opening, a quick rise, a fall, and then a recovery from the lows. Being an expiry day, such volatility was expected. The Nifty ended the day with a small loss of 0.32%.
Nifty Next 50
Nifty Junior was down 0.5%. Mid-caps and small-caps looked weaker with bearish engulfing candles, down 0.69% and 0.88% respectively.
Nifty Mid and Small Cap
Bank Nifty
However, the Bank Nifty held firm and did not even break the previous day’s low, showing strength in banking stocks.
GOLD
Gold continued its upward journey, trading at around ₹24,900 per 10 grams, up 0.63% today. Since late August, gold has barely paused for more than a day or two, showing consistent strength for almost two months.
Advance Decline Ratio
The advance-decline ratio was weak with 92 advances against 408 declines.
Heat Maps
The Nifty heat map was full of red with most big names—SBI, Bajaj Finance, TCS, ITC, L&T, and JSW Steel—showing losses. The Nifty Next 50 also mirrored this trend with stocks like Havells, GAIL, Canara Bank, and Bank of Baroda losing ground.
Mover Of The Day
There were a few bright spots, though. MTAR Technologies surged 12.6% on news of a ₹15,000-crore Adani Defense order for the AMCA stealth fighter. This rally had actually started earlier, suggesting some news may have reached the market in advance.
CE Infosystems also jumped 9% after receiving public endorsement from a government minister.
Sectoral Overview
Among sectors, only capital markets were in green, while PSU banks fell sharply by 1.5%, along with Tourism, Media, Metals, Real estate, and Oil & Gas. PSU banks like Bank of Maharashtra, UCO Bank, IOB, Central Bank, and Punjab & Sind Bank saw profit-booking after strong gains over the past two months.
Sector of the Day
Nifty PSU Banks Index
U.S. Market
In the U.S., markets bounced back strongly after a weak Friday. The S&P 500 rose 1.5%, Nasdaq gained 2.2%, and Russell 2000 jumped 2.79%.
Major movers included Broadcom, up nearly 10%, Tesla up 5.4%, Qualcomm 5.3%, Oracle 5.1%, and ServiceNow 3.9%. Broadcom’s continuation rally, along with similar strength in Tesla and Oracle, showed renewed confidence in tech stocks.
Tweets Of the Day
A striking tweet shared an interesting perspective on gold’s journey. It took gold 9,600 days to move from $0 to $1,000 per ounce. The next $1,000 came in 3,000 days, then in 1,155 days, and the most recent move from $3,000 to $4,000 took just 141 days. The time taken for each $1,000 jump is shrinking fast, suggesting that the next jump to $5,000 could come even before Christmas.
Another important takeaway discussed today was about personal investing decisions. Many people often ask whether they should sell or hold a particular stock or metal. But it’s impossible for anyone to give such advice without knowing a person’s full situation—goals, allocation, risk tolerance, and financial plan.
Every investor is unique, and decisions should not be based on random opinions or social media tips. Instead, one should learn from market insights, analyze their own position, or consult a qualified financial advisor who can create a personalized plan. Seeking quick advice online can lead to serious financial harm, even if it works once or twice by luck.
