Metals and Jewellery Lead Gains in Stock Market Heatmap

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Non-Ferrous Metals, Diamond & Jewellery, and Alcohol sectors show strong bullish momentum, while the Aviation sector faces turbulence. Power stocks may be nearing a breakout, says StockEdge.

By S JHA

Mumbai, October 31, 2025 — StockEdge’s Sector Rotation Update highlights a striking divergence across Indian market sectors, with metals and jewellery stocks soaring while aviation lags behind.

According to the platform’s market heatmap, non-ferrous metals led the charge with 99% of stocks showing RSI above 50, supported by strong alignment across all major moving averages — suggesting sustained upward momentum.

The Diamond & Jewellery sector followed closely, with 93% of stocks trading above the 20-day simple moving average (SMA) and 92% maintaining RSI above 50, reflecting continued investor appetite for high-value export and luxury counters.

The alcohol sector also stood out as an unexpected performer, with 94% of constituents trading above SMA 20, suggesting resilience despite recent market swings, said the Kolkata-based stock market research firm.

The Power sector presented a more nuanced picture — while RSI remained elevated at 95%, only 43% of stocks had relative strength (RS) above 55, pointing to possible short-term consolidation after an extended rally, it added.

Meanwhile, the Aviation sector emerged as the week’s worst performer, with only 2% of stocks registering RS above 55, despite elevated RSI levels — indicating that recent gains may have lost steam.

Both Iron & Steel and Gas Transmission sectors remained steady and broadly participative, showing consistent strength across short- and long-term indicators.

“Metals and jewellery are flying high, while aviation is grounded for now,” StockEdge noted in its Telegram update. It advised investors to “keep an eye on the Power sector—it might be gearing up for its next big move.”

As sector rotation continues to shape market dynamics, analysts suggest investors focus on momentum-backed sectors like metals and jewellery, while monitoring energy and infrastructure plays for signs of the next uptrend.

(This article makes no recommendation for buy or sell of shares of any company)