Dollar Crumbles, Gold Soars: How Global Shifts Powered India's Bull Run
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Market Performance: Nifty50 closed at twenty-five thousand three hundred forty-two (up 0.66%), Sensex at eighty-two thousand three hundred forty-four (up 0.6%), BankNifty at fifty-nine thousand five hundred ninety-eight. Bullish sentiment prevailed amid broad-based gains, supported by weakening USD and FII flows.
Currency Update: Rupee strengthened to 91.7-91.9/USD range, benefiting from dollar's 4-year low after Trump's comments, boosting export sectors and inflows.
Top Gainers: ONGC (+7.45%) led on crude rally; Coal India (+3.76%), Hindalco (+4.45%), BEL (+4.45%) on strong Q3 earnings (profit up 20% YoY to ₹1,579cr).
Top Losers: Asian Paints (-5.65%) after weak Q3 (profit down 4.6%); Tata Consumer (-4.24%), Eicher Motors, Maruti, L&T faced profit-taking despite revenue growth.
Technical Recap: Nifty tested support at 25,200 (held), resistance at 25,400; BankNifty broke above 59,500, eyeing 60,000.
Sector Highlights: Energy led gains (crude strength); FMCG lagged (earnings misses); Metals strong on commodity prices.
Regulatory News: RBI-ESMA MoU on clearing agencies; SEBI F&O rules (lot sizes, position limits) influencing trading strategies.
Commodities: MCX Gold hit record ₹1,62,429/10g (+3%); Silver near ₹3,83,000/kg; Crude at ₹5,633/bbl. Driven by weak dollar & geopolitics.
Geopolitics: Trump's Greenland/NATO remarks fueled dollar weakness, aiding safe-haven metals & EM currencies like rupee.
Tomorrow's Outlook: Nifty rangebound unless above 25,450 (target 25,600); BankNifty bullish above 59,300. Key risks: FII selling.
Actionable Tip: Rotate to defensives (gold, pharma, dividend stocks); buy Nifty dips to 25,200 for medium-term upside.
Tune in for tomorrow's update!