US dollar index large currency speculators add net longs to around three and half year high

Financial markets have a habit of testing investors’ conviction. When an asset pauses after a strong rally, the immediate narrative often shifts from optimism to skepticism. Gold is experiencing one such phase today.

In July, overseas investors turned their attention to Indian IT stocks, marking the first instance of such purchases this year. The consumer durables and healthcare sectors also witnessed a surge in foreign portfolio investments. By mid-July, foreign investors emerged as net buyers in equities, expanding their investments in consumer services, automobiles, and chemicals, although they…

Indian benchmark indices erased steep intraday losses to end marginally higher on Monday, supported by a strong rally in IT stocks and continued foreign fund inflows despite escalating tensions between the US and Iran. Analysts said the market’s near-term direction will hinge on crude oil prices, with Brent remaining below the key $90-a-barrel threshold.