Gold Hits Record High as Tata IPO Ignites

Opening Recap

Market Pulse: Safe-haven assets surged as gold rocketed to fresh highs overnight, rattling risk appetite across equities.

Key Movers: Infosys and HCL Tech landed on buy lists after margin expansions, while Tata Capital’s IPO charged to an 87% subscription, showcasing retail firepower.

Macro & Politics: Rate-cut hopes are fading amid simmering geopolitical frictions, and Revolut’s CEO lampooned Indian banks for “criminal” forex fees—regulators are in the hot seat.

What’s Next: Watch for any Fed commentary and earnings reports from major banks and energy names later today.

Market Commentary

Everyone’s eyeballs are glued to Yahoo Entertainment’s “Gold tops $4,000 for first time as traders pile into safe haven,” but they’re missing the lock-in risk behind BusinessLine’s “Tata Capital IPO sees 87% subscription so far on last day of bidding.” When retail lock-up unwind begins, risk assets could get slammed faster than any Fed pivot chatter.

While The Times of India’s “Tech Trouble: Nifty IT sinks, but Infosys and HCL Tech emerge as “BUY” opportunities” feeds the crowd’s love for blue-chips, Bitcoinist’s “Ethereum Has A Fundamental Problem, Warns Cyberphunk Nick Szabo” and Yahoo Entertainment’s “Bitcoin Depot (BTM): A Fresh Look at Valuation After New Compliance Standards Reshape Industry Practices” outline a clash between innovation and regulation—damn intriguing for crypto aficionados.

Don’t sprint after yesterday’s headlines just yet—hell, pause. TechCrunch’s “Revolut aims to take on Indian banks and their ‘criminal’ forex fees” signals regulatory relief could be the next market spark. Pair that with margin expansion in select names, and you’ve got a shortlist poised to outperform once volatility cools off.