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Gold is highly sensitive to rising interest rates as they increase the opportunity cost of holding non-yielding bullion. The dollar and U.S. Treasury yields held near their two-week highs from Tuesday, making zero-interest-bearing bullion more expensive for buyers holding other currencies and limiting gains.

Australian data showed consumer prices rose 0.8% in the June quarter, under forecasts of 1.0% and the smallest gain since the third quarter of 2021. The annual pace in core inflation slowed to 6.0%, from 6.6%, again under forecasts.

The release of ChatGPT last year landed as technology giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after flying high during the coronavirus pandemic.

Stocks that were in focus include names like Tata Steel, which rose 3.12%, TVS Motor, which gained 5.86%, and DCM Shriram, whose shares fell 6.38% on Tuesday.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​But I think part of this confidence comes from the general cool down of inflation within Eurozone and US without really hampering the larger economic activity.

In terms of valuations, Indian markets are not cheap. Once the Q1 results are out we will have a better idea about FY24 EPS estimates and the absolute and relative valuation of the Indian markets.

Over the past two years as more and more banks in India blocked payments for crypto deals, many traders shifted their coins in wallets of foreign exchanges

​They themselves have not been able to raise prices because they are pushing volumes and their expansion continues apace. So they will be adding another few million tons in the next couple of years.

​Overall, you have to keep in mind that the overall numbers, for example, for two-wheelers is still significantly lower than where it was pre-pandemic and the market caps have gone up significantly from there despite the fact that there have been a whole new bunch of companies which have come in because of the EV cycle.