From Maruti 800 to Defender

Today’s Market Update

Another good day following a strong run on the 15th. The RBI’s intervention in the forex markets has helped the rupee gain against the dollar in the last 24 hours. This move has added a strong tailwind to the recent market momentum.

It seems both the government and the Reserve Bank are sensing that we are standing at the cusp of the next leg of growth. Their decision to step in also suggests confidence in the current forex position of the country.

• Looking at the Nifty chart, it went up 1% today, and over the last eight or nine sessions, it has risen from 24,500 to nearly 25,600 — a gain of about 1,100 points.

• Nifty Junior rose 0.49%, midcaps gained 0.48%, and small caps added 0.38%. Small caps, however, remain stretched according to many fundamental analysts.

• The Nifty Bank index climbed 1.1%, nearing its previous highs. The inverted head and shoulders pattern discussed in earlier sessions is now nearing its target, once again proving how well these technical setups can work if followed patiently.

• Gold continued its unstoppable run, up 0.9% today to reach ₹1,26,956 per 10 grams officially, though it’s hard to find it for less than ₹1,30,000 in the market once GST and making charges are added.

• Silver was down 0.55% today but remains strong at around ₹1,58,000 officially, with actual prices closer to ₹1.9-2 lakh per kg.

Other Market Triggers

• Major movers included HDFC Bank, Reliance, ITC, Hindustan Unilever, Mahindra, Titan, Tata Motors, and Maruti.

• Nestle saw a sharp jump, leading to strength in the FMCG space along with Tata Consumer, Britannia, and Colgate.

• Steel stocks, Motherson Sumi, and real estate names also performed well.

• The top mover of the day was BLS, up 16.5%, after news of securing new contracts just days after reports of the opposite.

U.S. Market Update

• In the US, the markets were largely flat. The Dow Jones was unchanged, S&P 500 gained 0.4%, Nasdaq rose 0.6%, and the Russell 2000 advanced 0.97%. Over the past week, small caps have gained about 2%, even as major indices have been negative over the past month.

• This rotation — where large-cap techs take a breather and smaller names move up — is a healthy sign. Stocks like AMD (up 9.4%), Morgan Stanley (4.7%), Bank of America, Intel, and Alphabet all saw solid gains.

What to watch next ?

• After this long consolidation, it does look like the market may be ready for the next big leg up.

• FIIs have reduced their selling activity sharply over the past week. There is also optimism surrounding the possible signing of the Indo-US tariff treaty soon.

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What To Read This Week ?

The Great Indian Investment Paradox: 9.5% Invest Despite 63% Awareness

A Timeless Store of Value: The Ritesh Jain Observation

The conventional wisdom holds that gold preserves purchasing power, acting as a crucial hedge against inflation. However, an intriguing data analysis, as shared by Ritesh Jain, suggests that the reality for gold investors in the Indian context is far more compelling. The observation tracks the value of 1 kilogram of gold against the price of popular consumer automobiles over 35 years, revealing that gold has not merely kept pace with inflation, but has significantly outpaced it, resulting in a dramatic gain in purchasing power.

This trend implies that an investment made in physical gold decades ago is yielding returns far beyond maintaining the status quo, offering a complete lifestyle upgrade today.

The Gold-to-Car Index: A 35-Year Journey (Illustration)

The following table serves as a vivid illustration of gold's growing comparative value, showing what 1 kg of gold could purchase in various years:

Pointers:

• The equivalent car in 2025 (Defender) is approximately 60 times more expensive than the equivalent car in 1990 (Maruti 800), demonstrating a massive growth multiplier over 35 years.

• The progression shows a shift from purchasing a necessity-focused vehicle to a high-end luxury vehicle.

Gaining Ground: Gold's Multifaceted Returns

The most critical insight from this data is that gold is a wealth-creation asset, not just a defensive one. If gold were only "preserving" purchasing power, 1 kg of gold in 2025 would buy a modern-day equivalent of the 1990 Maruti 800—a basic, entry-level car.

Instead, the data confirms that gold's appreciation has consistently exceeded the inflation rate (the rising cost of goods and services), resulting in a net gain in real purchasing power. This powerful compounding effect suggests that today's investment in gold has the potential to multiply the current purchasing power value over the next 10, 15, or 20 years.

Meme Of The Day

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