Gold, Silver extend gains; Nifty stays in 24,500–25,000 range. Defence, auto stocks in focus. Full weekly wrap
🟡 Gold & Silver
- Gold hit another record high at ₹1,06,539 per 10g on MCX; global safe-haven demand keeps momentum strong.
- Spot rates in Mumbai & Hyderabad hover around ₹1,08,500–₹1,08,520 per 10g.
- Silver surged near ₹1,25,000 per kg, eyeing the ₹1.5 lakh/kg milestone on strong industrial and investment demand.
📈 Nifty 50 & Bank Nifty
- Nifty 50 closed the week at 24,741, consolidating within the 24,500–25,000 band.
- Support: 24,400–24,500 | Resistance: 25,000.
- Bank Nifty stayed rangebound, mirroring index consolidation; investors watch for breakout cues next week.
🛢 Crude Oil
- India’s crude basket remains at its lowest levels in five years, easing inflation worries.
- Lower input costs support consumption-driven sectors.
🔑 Sector Highlights
- Defence & Aerospace: Avantel Ltd. gained over 10% this week; trades near ₹177 with rich valuations.
- Automobiles: Tata Motors trades at ₹690–₹695; Jefferies sees risk to ₹550 despite GST-led optimism.
- Consumption: Policy support and tax cuts continue to boost outlook for domestic demand plays.
📊 Quick Outlook
- Watch for Nifty’s breakout above 25,000 to confirm fresh upside.
- Bullion likely to stay strong, but investors should track overbought signals.
- Sector rotation into domestic demand themes may continue.
Disclaimer: This update is for informational purposes only and not investment advice. Please consult a registered financial advisor before trading or investing.
