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United Arab Emirates – Dar Global, a London-listed luxury real estate developer, said on Monday that it plans to launch a Trump Plaza in the Saudi Red Sea city of Jeddah in the second collaboration with the Trump Organization, following the success of Trump Tower Jeddah.
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India’s festive season is set to fuel strong momentum across nine sectors including auto components, FMCG, gold, NBFCs, healthcare, renewable energy, capital markets, infrastructure, and defense. Rising consumption, structural reforms, credit growth, and policy support strengthen the bullish outlook.
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Gold surged to a lifetime high of Rs 1,16,203 per 10 grams on Monday, boosted by a weaker rupee and global market trends. Technical indicators show strong bullish momentum, though RSI near 75 signals overbought conditions. Traders eye support at Rs 1,15,000 for buying opportunities.
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Indian equities will likely stay range-bound this week. Nifty may retest 24,500 support levels. PSU banks will continue to outperform, with Indian Bank as a top pick. Traders can accumulate Indian Bank on dips. Titan and Hindalco will show upward movement. Traders should remain selective and focus on resilient sectors.
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Gurmeet Chadha believes a uniform 10% long-term capital gains tax across equity, real estate, and fixed income could unlock fresh growth capital. He emphasizes patient investing despite FII selling and anticipates earnings-led turnaround supported by reforms.
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