Gold Reaches $4,059 as Investors Seek Opportunities for Diwali 2025 in India

Gold has reached a peak of $4,059 (approximately Rs 12,50,800), underscoring its status as a secure investment amid concerns about a potential U.S. government shutdown and its economic impact. Investor sentiment remains optimistic as Diwali and Dhanteras approach. Analysts predict that gold will continue to benefit from U.S. interest rate cuts, a weaker dollar, and ongoing geopolitical tensions.

In India, the festive and wedding seasons are expected to create fresh opportunities for gold investors. However, Riyank Arora, a technical analyst at Mehta Equities Ltd., suggests diversifying portfolios by investing in top stocks like SBI and M&M. These recommendations come amid easing geopolitical tensions in the Middle East and ongoing trade discussions between the U.S. and India.

Riyank Arora has identified five stocks for Diwali 2025 investment. This selection is influenced by foreign institutional investors (FIIs) being net buyers recently and the busy Q2FY26 results calendar. The stocks include Bharti Airtel, State Bank of India (SBI), Mahindra & Mahindra Ltd (M&M), Hindalco Industries Ltd, and Zydus Lifesciences Ltd.

Bharti Airtel is experiencing strong upward momentum with an RSI of 60 and a positive MACD crossover. The stock is consolidating above the ₹1900-1970 demand zone, indicating healthy accumulation. A sustained move beyond recent highs could push it toward ₹2600, while ₹1900 serves as a key support level.

SBI's Steady Performance

SBI is holding firm above its accumulation base between ₹820-880. With an RSI of 58, the stock shows steady bullish momentum. Staying above crucial moving averages enhances the likelihood of a breakout toward ₹1200. A decisive move past ₹880 can confirm the uptrend, while ₹820 remains a strong support level for fresh accumulation.

M&M's Potential for Growth

M&M is trading near its support and buying zone of ₹3350-3480. The RSI at 47 and MACD nearing a positive crossover suggest a possible trend reversal. Sustained strength above ₹3350 can open the path toward ₹4500. The lower boundary of the zone offers a favorable entry point for medium-term investors seeking renewed momentum.

Hindalco's Bullish Outlook

Hindalco exhibits robust bullish undertones with an RSI of 66, confirming strong momentum. The price action above ₹750-782 supports continued upside potential. Any dip toward ₹750 can be viewed as a buying opportunity. Sustained moves beyond ₹782 could accelerate gains toward ₹1050, backed by solid trend alignment across key moving averages.

Zydus Lifesciences' Accumulation Phase

Zydus is forming a base within ₹960-1000, hinting at accumulation. With an RSI of 44 and MACD on the verge of a bullish crossover, a reversal may be brewing. Holding above ₹960 can trigger an upmove toward ₹1350. Dips near the lower end of the buying range offer a good risk-reward entry, with a breakout above ₹1000 strengthening the bullish setup.

The views expressed are solely those of individual analysts or entities and do not reflect those of Goodreturns.in or Greynium Information Technologies Private Limited ("we"). We do not guarantee or endorse any content's accuracy or reliability nor provide investment advice or solicit securities transactions. All information is for informational purposes only and should be independently verified with licensed financial advisors before making any investment decisions.