Market Overview

Aetram India Research reported that the week ended with gold prices slipping below the $4,000 level and Indian equity markets posting broad declines, reflecting heightened inflation concerns driven by a sharp rise in crude oil prices.

Gold Prices

International spot gold closed the week at $3,994 per ounce, representing a 4.17% decline from the previous week. MCX gold futures fell to ₹1,42,150 per 10 grams, down 3.95% on the week. The U.S. 10‑year Treasury yield was near 4.99%, modestly lower than the approximately 5.10% level seen earlier, but the yield reduction was insufficient to revive gold demand.

Crude Oil

Brent crude prices increased by 6.78% to $117.39 a barrel, reinforcing concerns that rising energy costs could sustain inflationary pressures and keep monetary policy restrictive.

Equity Indices

Indian equity benchmarks closed lower: the Sensex slipped 2.15% to 73,123.83, the Nifty 50 fell 2.36% to 22,600.00, and the Bank Nifty dropped 2.79% to 54,287.35.

Sector Performance

Among sectors, information technology posted a modest gain of 0.22%, while metals fell 5.40%, media declined 5.15%, realty slipped 5.04%, and energy decreased 4.62%, indicating that weakness was widespread across heavy‑weight shares.

Outlook

Aetram Research maintains a cautious outlook. The Nifty’s weekly low near 22,372 is identified as immediate support, whereas the weekly high around 23,175 serves as overhead resistance. Continued monitoring of crude oil price movements, U.S. monetary‑policy signals, and the breadth of market recovery will be critical.

About Aetram Trades Private Limited

Aetram Trades Private Limited, headquartered in Chennai, Tamil Nadu, is a brokerage firm offering trading and investment services across Indian financial markets. It is registered with SEBI (Registration No. INZ000309838) and its research analyst is SEBI‑registered (Registration No. INH000024222). The firm is a member of NSE (90356), BSE (6832) and MCX (57110), and is registered with AMFI under ARN‑281894. The registered office is No. 113‑134, Unit No. 308, 3rd Floor, Beta Wing, Raheja Towers, Anna Salai, Chennai, Tamil Nadu 600002. Disclaimer: Investments in the securities market are subject to market risks; brokerage and charges are subject to change as per the schedule published on the company website; currency derivatives are permitted for hedging purposes only, as per prevailing regulatory guidelines.

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