Markets To Make ALL TIME HIGH Soon?

Market Update - Tuesday, 4 Aug

The Nifty had broken out during the previous session, and during the latest session, it attempted to test that breakout. The index sustained the breakout very well despite experiencing a loss of 0.64%, marking a positive technical development and keeping the Nifty looking reasonably solid.

Other Market Triggers

• Within the Nifty index, HDFC Bank, Reliance, and Hindustan Unilever were among the prominent heavyweights that lost ground.

• Conversely, the Nifty Next Nifty heat map highlighted strong performance in the capital goods space, where CG Power, EnrIn, and Siemens performed exceptionally well, while the rest of the space, outside of commodity and metal stocks, lost ground, including DLF which fell almost 4 percent on the day.

U.S. Market Updates

Turning to US markets, the previous session delivered strong gains averaging 1.5 percent across various indices.

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What to watch next ?

• A key macroeconomic focus centers on the Bank of Korea following recent South Korean market disruptions, as the central bank plans to purchase physical gold for the first time in 13 years.

• This reflects a broader global trend seen across countries like Kazakhstan, Turkey, Singapore, Japan, Poland, India, and China, which is buying gold with both hands to shore up national reserves.

• Nations are realizing that the current economic environment of record-high bond yields and record debt levels cannot be resolved without massive money supply expansion over the coming years.

• Central banks will inevitably print money, prompting market participants to seek refuge in assets that rise alongside money supply.

• Higher interest rates present resistance for stocks, while global bondholders have faced negative returns over the past decade, causing the allure of physical precious metals to return strongly.

• A resumption of the gold rally in the second half of the year remains a distinct possibility.

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The Cold, Hard Truth About IPO Investing

If you’ve ever felt the urge to jump into a hot new stock on its listing day, you are not alone. The hype around newly public companies is contagious, promising retail investors a ground-floor seat on the next massive success story.

However, market data tells a radically different story. Let's break down the actual performance of major Initial Public Offerings (IPOs) over the last 15 years and look at why buying on Day One is often a losing proposition.

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