Another Panic Day : GOLD Control Ahead? Realty and Defence Stocks Crash | Alok Jain

Added: 2026-05-19

[00:00:01]Hi folks. So, Prime Minister Modi has said that please don't buy gold for one year. So, he's not the first sort of prime minister to have requested the people to do that. Uh earlier ministers and other prime ministers have also done that. So, in this chart of the last uh 50 plus years, you can see Indra Gandhi uh requesting people to not buy gold.

[00:00:25]Then PJ Damarram finance minister requesting people not to buy gold in 201213 and now the prime minister uh is suggesting the same. So what has changed over the last uh 50 60 years nothing actually people continue to deploy into gold investments or jewelry and that has been keeping them secure.

[00:00:50]Now, of course, it's a tricky situation uh if you want to take care of your personal finance versus the finances of the country. It's a balance that you need to make. But besides these three sort of events when people were told not to buy gold, there have been a series of other activities that have gone by in the past many decades trying to do the same. So there was a gold control rules that was released in 1963 where you were barred from you know buying gold bars and gold uh biscuits or gold coins. You could only buy gold jewelry. Gold control act of 1968 completely uh you know put a ceiling on what you can legally hold in your in your bank account in your bank locker.

[00:01:44]even if you had you know completely uh purchased it legally there was a control over how much gold you can have then there was a gold deposit scheme uh in 1999 where you could deposit gold to let's say state bank of India and you'll get some interest on it uh there was a gold bonds immunities and exemption act of 1993 where for 5 years you could deposit your gold no questions asked about the source and the resulting gold was uh had complete immunity from any questions asked and that became a legal gold.

[00:02:22]There was a uh gold monetization scheme that started in 2015 which still continues in some format but that has not been so successful and of course sovereign gold bonds which were launched in 2016 which have now no new issuances are coming through. All this while government has been trying to persuade government have been trying to figure out ways in which we don't have to import gold from overseas and if we can just make do with the 25 30,000 tons that we already hold but no scheme of any sort has been able to convince the people that yes you can give your gold on a loan or a or on a deposit basis and earn some money on it. So the government actually needs to come out with a uh proper scheme which will attract investors to deposit their gold and government also needs to figure out a long-term gold exploration program. Uh we have enough gold uh beneath ourselves in the country but we need a mining program that so that if we start today in next 10 15 years we will we will be able to get uh good extraction from our dead gold mines. So a lot of things a gold spot exchange needs to be built so that a transparent pricing of gold can be achieved. There are a lot of products that are in the play in the works right now electronic gold receipts etc etc but nothing is yet taking off. So this call is good actually for the national uh excheer but just like every time I'm not sure how successful this will be. So let's get into the markets. I just wanted to update you on this front and then get into the market space. The markets were uh in a bad mood today as well uh 12th of May. Please read the disclaimer uh before you move forward in the video. Here you can see the Nifty completely getting smashed down minus 1.83% 83% and the gap that has been holding on since beginning of April has been broken into and now the you can say the the camel's back has been broken and it will take perhaps some consolidation at some point and some period of consolidation before we can start to move off. So the last four sessions have uh really spoiled the party that was about to be building and this also also this not just uh PM Modi speech which has done this uh the war also is escalating the crude oil prices are escalating and this on top of that has uh sort of completely precipitated the mood right here. So minus 1.83% on nifty other indexes falling even more.

[00:05:04]So 3% down on small caps, 2 and 1/2% down almost on Nifty next 50 and midcaps. Nifty bank also losing 1.6%.

[00:05:14]Gold is flat -0.41%.

[00:05:17]Crude oil is spiking up at plus 2.52%.

[00:05:21]uh there is no let up in the in the uh ceasefire uh talks and it does seem like it's going to be a difficult uh time in terms of trying to get them to agree to anything. So in that case uh I think the government is already building grounds for um higher oil prices and uh you know perhaps slightly difficult times in the coming season. Nifty heat map is all red except Indalco and OMGC everything was down. Uh IT stocks getting hammered like nobody's business. Uh banks ICC bank, HDFC Bank, uh big banks also down. Uh stocks like FMCG stocks like Hindusan, Lever, ITC, data consumers also down.

[00:06:10]Titan another three and a half% after the dubbing yesterday. So jewelry and uh gold uh related companies getting smashed. Nifty next also was no exception. Minor gains in Hinszing, Vedanta, God, CP, Beauty and Canra Bank.

[00:06:26]Adani Group getting smashed. Uh Capital Goods have been going down. Um and and oil marketing companies also losing ground there. So move on the of the day segment, we have oil India moving up 7.66%. The government has cut royalty burden on oil and gas exploration companies. So oil India and OMGC both doing well. Sonata's software drops 9% after management skips the guidance for FY27.

[00:06:55]Sectoral themes all negative but big cuts in nifty real estate, defense, IT, tourism, media and capital markets. 2 and a half% to 4% cuts here. uh last one month it is now down nearly 9%.

[00:07:14]And PSU banks also have lost nearly 8% in this last one month.

[00:07:21]Uh the real estate index which was till 2 days back chugging along but this fear of the currency collapsing which has reached 95.7 today at a new alltime high the USD INR uh that has spooked the market completely. Over DFO, God and Brigade bringing their index down.

[00:07:42]Defense also coming off very sharply on the back of Paras Apollo, BML coin and GRSC losing ground minus 4% on defense stocks. Previous session of US markets once again Qualcomm 8% up. Philip Morris, Tesla, Intel and Exxon all 3 to 6% gainers. S&P 500 and Dow Jones gaining 2%. NASDAQ gaining.3%, Russell gaining.35%.

[00:08:09]Uh a a still a a sort of a flattish day from a US perspective. They are in a complete bull run right now. Especially some segments like semiconductor and AI stocks. Some of these stocks could be part of the weekend investing US stock strategy. So that's a disclaimer there.

[00:08:24]Uh NASDAQ 100 heat map you can see MU, Intel, Cisco, uh Qualcomm, uh all these stocks really really flying. Tesla after a long time going up. Google and Amazon getting hit along with Walmart.

[00:08:39]The other tweet of the day is about uh long-term all-time highs in market indexes. So, everybody talks about the Japanese markets having spent 35 years, you know, making a new all-time high. But nobody talks about you know these other markets also where US markets for instance post the 1929 crash took 25 years for a new alter index high to be made. Hong Kong after uh 2008 barring this minor blip here is still 18 years and running not able to make a new high. Korea which is currently running very hard took 16 years post 1989 peak to be recovered.

[00:09:20]UK took nearly 20 years for any meaningful gains above the uh the com uh peak. So we should remain thankful that our markets have not taken these kind of periods to come to a new high. We have maximum experience that too after a a raging bull run of six years from 2002 to 23 to 2008 we experienced a flattishness for 6 years and we are besides that episode we've never waited for an all-time high for more than 3 years. So you know our growth has been pretty much consistent and our markets somehow don't allow bubbles to rise too high and there is correction before things go out of hand. So uh you know from that point point of view uh it's good that you know we've already passed two years in correction. I don't know how much more land time will go but it doesn't look like that there will be too much more time before we attempt a new alltime high. Of course sector rotation and sector identification which sectors are going to lead the next rally is always the key. blind index following which has now become a religion in India uh can be dangerous given that these precedents are there in global markets.

[00:10:36]So do think about this before you just do index investing. So the next video is going to be very very interesting. This diversification is risky. Investors please be aware uh do watch out for this next video. If you're interested in momentum model portfolios there's a link in the description. You can go check them out there. Do subscribe to our channel if you like our content and do give us a share with your friends and family and WhatsApp groups if you like our content. Thank you so much and I'll see you in the next one. Bye.