This week saw India’s markets shining bright, gold cooling off, and significant political and emotional moments shaping public discourse.
Here’s a quick look back at the biggest headlines that defined the week.
1. Diwali Brings Cheer to Indian Markets
Indian equities lit up the screens as Sensex and Nifty touched record highs, backed by strong quarterly results and festive optimism.
Nifty 50 closed above 25,900, while Sensex breached the 86,000 mark.
Banking and IT stocks led the rally, while foreign investors returned with fresh inflows.
Analysts believe the “Santa Rally” has come early, thanks to India’s resilient domestic economy and upbeat sentiment.
2. Gold Sees a Sharp Selloff
After weeks of rallying, gold prices saw a 63% correction globally amid easing inflation data and stronger U.S. bond yields.
In India, gold futures on MCX dropped below ₹1,23,000 per 10g.
Experts termed this correction as healthy, noting that long-term investors could see attractive buying opportunities once volatility settles.
3. Trump-Modi Conversation Draws Attention
A key diplomatic moment unfolded when Prime Minister Narendra Modi spoke with former U.S. President Donald Trump.
While details remain limited, the conversation reportedly touched upon economic cooperation, trade, and regional security.
Observers noted the timing — just as U.S.-India relations continue to deepen amid shifting global alliances.
4. India Mourns the Passing of Piyush Pandey
The advertising world bid farewell to Piyush Pandey, the legendary creative mind behind iconic campaigns like “Har Ghar Kuch Kehta Hai” and “Cadbury Kuch Khaas Hai.”
His passing marks the end of an era in Indian advertising — one where storytelling met emotion, simplicity, and cultural resonance.
Tributes poured in from across industries, remembering him as the soul of Indian creativity.
5. Global Snapshot
Oil Prices: Stabilized around $78/barrel amid Middle East ceasefire optimism.
Crypto: Bitcoin hovered near $72,000, posting its best week since May.
Asia Markets: Mixed performance, with Japan’s Nikkei gaining while China’s indices remained under pressure.
Weekly Takeaway
The week was a mix of celebration and reflection — markets rejoiced in festive optimism, global assets corrected, and India remembered one of its greatest creative geniuses.
As investors look ahead, stability in gold and continued FII inflows could set the tone for a strong year-end rally.
❓ FAQs
1. Why did gold prices fall this week?
Due to lower inflation expectations, strong U.S. dollar performance, and profit booking by investors.
2. What boosted Indian markets during Diwali week?
Positive corporate earnings, festive consumer demand, and foreign institutional buying.
3. What was discussed in the Trump-Modi call?
Likely topics include trade, technology, and Indo-Pacific cooperation, though official details remain undisclosed.
4. Who was Piyush Pandey?
A legendary Indian adman and former Chief Creative Officer of Ogilvy India, known for his storytelling-based advertising.
5. What’s next for investors?
Experts advise maintaining diversified portfolios and avoiding overexposure to volatile assets like gold or crypto.
Published on : 24th October
Published by : SMITA
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