Every quarter, in a meeting room with bad biscuits, my team and I sit down and score our suppliers. It is not glamorous work. Delivery against promise, invoice against quote, excuses per annum.

At the bottom of the spreadsheet sits a column, polite but lethal, headed renew. Last month we struck off a firm we had used for nine years. Lovely people, always a pleasure on the phone. They had simply stopped delivering what they said they would, when they said they would, and in business that is the only sentence that matters.

I mention the spreadsheet because this week the Labour Party all but handed Andy Burnham the keys to Downing Street, 322 nominations from 403 MPs, nobody else standing, coronation booked for the 20th. And my first thought was not tax, nor growth, nor what the gilt market would make of it all. My first thought was that the new Prime Minister is about to inherit the worst delivery record in the national ledger, and every business owner in Britain knows exactly which line it is.

Because Westminster, viewed from the customer’s end, is the worst contractor in Britain. It quotes in years, invoices in inquiries and delivers in apologies. And the oldest job in its ledger was booked on 15 April 1989, when 97 Liverpool supporters went to a football match and did not come home, and the state spent the following decades doctoring statements, briefing lies and blaming the bereaved.

I remember, as though it was yesterday, watching Andy Burnham speak at Anfield at the 20th anniversary memorial in April 2009. A Cabinet minister, an Evertonian, sent to represent a Labour government that had managed twelve years in office without lifting a finger on Hillsborough. The Kop interrupted him with a chant of justice for the 96, as the number then stood, and booed him, and he stood there and took every second of it. Then he did something almost unheard of in his trade: he went back to London and acted. Full disclosure of documents. The Hillsborough Independent Panel. The 2012 report, the quashed inquests, the 2016 verdict that the supporters were unlawfully killed. In 2017 he put the first Hillsborough Law before the Commons, and it died on the order paper when the election was called and Manchester claimed him.

Enter Sir Keir Starmer, Arsenal fan and former Director of Public Prosecutions, who stood in Liverpool and promised a Hillsborough Law, with a full duty of candour on public officials, before the 36th anniversary of the disaster. April 2025 came and went without it. The bill limped into Parliament that September, was delayed twice while officials fussed over carve-outs for the intelligence services, and had to be carried over into a new session entirely. As of this week it sits at report stage in the Commons, thirty-seven years after the event it is named for. Score that against any supplier review you like. Delivery against promise: nil.

Business readers will recognise the shape of this. What the families are asking for is not exotic. A statutory duty of candour is merely the standard every director in Britain already lives under. Sign accounts you know to be false and you go to prison. Conceal a fatal defect in your product and the courts, the insurers and the customers will dismantle you, correctly, within the year. The bill’s own fact sheets describe obligations that any well-run plc would simply call Tuesday. Hillsborough, the Post Office, infected blood: each one taught the same lesson, which is that a cover-up always costs more than candour. Dishonesty is not a moral failing that happens to be expensive. It is an expense that happens to be a moral failing.

There is cold commercial logic here too. Investors are already demanding a premium to lend to Britain, partly because nobody quite believes what Westminster says it will do next. A state that legislates for its own honesty, that makes lying to an inquiry a criminal offence, is quietly telling every counterparty on earth that its word has a value. Candour, it turns out, is a growth policy.

I have asked before whether Burnham can win over Britain’s entrepreneurs, and suggested he might profitably borrow Andy Street’s homework on the economy. Both still stand. But his first act should need no focus group and no green paper. Bring the Hillsborough Law back to the floor, whole, unwatered, with no carve-outs for anyone, and pass it before conference season. He was booed at Anfield for a government that would not act. He is now the government.

Do that, and the 97 finally get what the man from the DPP promised them and never delivered. Do that, and when the country next sits down to score its suppliers, Westminster might at last earn something it has not deserved since 1989.

A tick in the renew column.

---

Global crude oil markets have been thrown into renewed uncertainty as geopolitical tensions in the Middle East escalate, following attacks on commercial vessels transiting the Strait of Hormuz. The latest tensions emerged after Iran was accused of targeting ships in the strategic waterway, triggering retaliatory strikes by the United States against Iranian military infrastructure.

Reports indicate casualties and damage within Iran, while the fragile understanding that had helped ease tensions between Washington and Tehran appears to have broken down. The developments have reignited fears of a broader regional conflict, causing heightened volatility in crude oil prices. Traders, policymakers, and oil-importing nations are closely monitoring the situation, as any disruption to Gulf energy flows could significantly impact global oil markets and energy security.

What Is Iran’s Objective?

Iran’s primary goal appears to be expanding its strategic influence over the Strait of Hormuz rather than seeking outright ownership of the waterway. Tehran has long argued that it should play a larger role in regulating maritime traffic in the region and has often opposed shipping arrangements supported by the United States and its allies.

The Strait remains Iran’s most powerful geopolitical leverage, with nearly 20% of global oil trade passing through the narrow channel. By exerting pressure on shipping activity, Iran can strengthen its bargaining position during diplomatic or military confrontations. However, a complete closure of the Strait would also harm Iran’s own economy, as the country relies heavily on Gulf shipping routes for its exports and imports. Consequently, Iran is more likely pursuing strategic influence and deterrence rather than direct control.

Could the Crisis Escalate into a Wider Conflict?

The possibility of a broader conflict has risen following the latest exchange of hostilities between Iran and the United States. However, a full-scale war remains uncertain because both countries would face substantial military and economic costs. The greatest risk lies in miscalculation, where retaliatory actions trigger a cycle of escalation beyond either side’s intentions.

Why Are Gulf Nations Remaining Cautious?

Most Gulf countries are attempting to avoid direct involvement in the confrontation. Nations such as Saudi Arabia, the UAE, Oman, and Kuwait depend heavily on regional stability and uninterrupted energy exports. Publicly siding with either Iran or the United States could expose them to political and security risks.
Qatar’s stronger response likely reflects concerns about maritime security and regional trade flows. Any disruption in Gulf shipping routes could directly affect energy exports and commercial activity. While public reactions have been measured, many regional governments are believed to be pursuing diplomatic efforts behind the scenes to prevent further escalation.

Could Oil Prices Rise Further?

Geopolitical risk premiums are expected to remain embedded in crude oil prices as long as tensions persist. Any threat to the Strait of Hormuz immediately raises concerns about supply disruptions, prompting traders to push prices higher.
Even when production remains unaffected, fears surrounding tanker safety, shipping insurance costs, and vessel availability can increase market volatility. Historically, geopolitical crises in the Middle East have often triggered sharp rallies in oil prices. If attacks on vessels continue or military operations intensify, Brent crude could remain supported.

What Could Be the Global Impact?

A broader conflict would have consequences extending beyond energy markets. Higher oil prices would increase transportation, manufacturing, and electricity costs worldwide, adding to inflationary pressures. Rising inflation could complicate efforts by central banks to reduce interest rates and support economic growth.Financial markets would probably experience greater volatility, while shipping and insurance costs could increase significantly. Energy-importing countries across Asia and Europe would face higher fiscal pressure and slower economic growth due to elevated fuel costs.

Has Oil Transit Been Disrupted?

While concerns over shipping safety have intensified, large-scale disruptions to physical oil flows have not yet occurred. The immediate threat is not necessarily a complete closure of the Strait of Hormuz but reduced shipping efficiency and higher transportation costs. Even without major supply disruptions, prolonged uncertainty can increase the cost of moving crude oil across global markets.

What Does It Mean for India?

India, which imports more than 80% of its crude oil requirements, remains highly vulnerable to developments in the Middle East. Any sustained rise in crude prices would increase the country’s import bill, widen the trade deficit, and add pressure on inflation.

Although global crude prices had shown signs of easing before the latest escalation, renewed geopolitical concerns could prevent further declines. If tensions eventually ease and global oil prices stabilize at lower levels, there may be some scope for domestic fuel price reductions. However, current uncertainties make significant price cuts unlikely in the near term.

Outlook for Crude Oil

The near-term outlook for crude oil remains uncertain and will largely depend on geopolitical developments. If tensions between Iran and the United States continue to escalate and attacks on shipping persist, crude prices are likely to remain firm with periods of sharp volatility.

For now, crude oil markets are being driven more by geopolitical risks than by underlying supply-and-demand fundamentals. Overall, prices are expected to maintain a positive bias in the short term. However, sustained and extreme price rallies would likely require actual supply disruptions rather than concerns alone.

(The author Hareesh V. is Head of Commodity Research at Geojit Investments Limited)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

In an age of instant trading, algorithm-driven investing and constant market updates, legendary market commentator George Goodman believed that one of the hardest, and often most rewarding decisions an investor can make is to simply sit tight. Writing under the pen name Adam Smith in his classic 1968 book ‘The Money Game‘, Goodman argued that investing is as much about understanding human psychology as it is about analysing financial statements. His insights continue to resonate with investors navigating today’s volatile markets.

Markets Are Driven by Psychology

Goodman viewed the stock market as an arena shaped largely by crowd behaviour rather than perfect logic. While financial fundamentals certainly matter, he believed that investor sentiment often plays a much bigger role in determining stock prices than many people realise.

According to his philosophy, successful investing requires understanding not just businesses, but also the emotions of market participants. Fear, greed and changing investor moods can cause stock prices to diverge significantly from their intrinsic value, creating both opportunities and risks.

Knowing Yourself Is the First Rule

One of Goodman’s most enduring lessons was that investors must first understand their own personalities before trying to understand the market.

He believed that investment decisions often reflect an investor’s temperament. Those who recognise their own biases, emotional triggers and risk tolerance are better equipped to avoid costly mistakes during periods of market volatility. Emotional discipline, rather than intelligence alone, often separates successful investors from unsuccessful ones.

Why Sitting Tight Can Be the Right Decision

Perhaps Goodman’s most famous lesson is that investors do not always need to act. During periods of uncertainty, forcing trades simply to remain active can do more harm than good.

He argued that markets go through phases where no strategy consistently works. In such environments, patience becomes a competitive advantage. Choosing not to buy or sell until conditions improve is, in itself, an active investment decision rather than a sign of indecision. According to Goodman, thoughtful inaction can often outperform impulsive action.

Beware of the Crowd

Goodman cautioned investors against blindly following popular opinion. He believed that the real test of investing comes when market sentiment moves strongly in one direction and investors are tempted to follow the herd.

History shows that bubbles often begin with sound investment ideas before excessive optimism drives prices beyond reasonable valuations. Conversely, periods of panic may create attractive buying opportunities for disciplined investors willing to think independently.

Greed and Fear Shape Market Cycles

According to Goodman, greed and fear remain the two most powerful forces influencing financial markets. Investors tend to become overly optimistic after prolonged rallies and excessively pessimistic during market downturns.

These emotional swings often lead people to buy near market peaks and sell near market bottoms—the exact opposite of successful long-term investing. Maintaining emotional balance is therefore essential for consistent investment performance.

Stay Detached From Your Investments

Goodman also advised investors against becoming emotionally attached to individual stocks. He believed every investment decision should be based on current facts rather than past commitments.
Remaining objective allows investors to reassess positions when circumstances change instead of defending previous decisions simply because they have already invested money in them.

Concentration Over Excessive Diversification

While diversification helps reduce risk, Goodman believed that excessive diversification can dilute returns. He argued that investors who thoroughly understand a limited number of high-quality businesses may achieve better long-term outcomes than those spreading investments across too many stocks.His philosophy emphasised conviction backed by deep research rather than owning numerous companies with only superficial understanding.

Don’t Depend Solely on Numbers

Goodman warned against placing complete faith in financial models and accounting figures. While numbers provide valuable insights, they cannot fully capture market psychology, management quality or changing investor expectations.

He encouraged investors to look beyond reported earnings and understand the broader narrative surrounding a company before making investment decisions.

Timeless Lessons for Modern Investors

Although The Money Game was published nearly six decades ago, many of George Goodman’s observations remain remarkably relevant. His emphasis on patience, emotional discipline, independent thinking and understanding market psychology continues to offer valuable guidance for investors navigating today’s fast-moving financial markets.

Perhaps his greatest lesson is that investing is not about constant activity. Sometimes the smartest decision is to resist the urge to act, remain patient, and wait for the right opportunity, because in investing, doing nothing can occasionally be the most profitable move of all.

ETMarkets analysed mutual fund portfolios to identify stocks held exclusively by a single mutual fund scheme. In the initial screening for June 2026, 184 such stocks were identified. The list was then narrowed to stocks with equity mutual fund holdings worth more than Rs 10 crore as of June 2026, resulting in a final shortlist of 40 stocks.

The three-month share price performance of these stocks was mixed, though the overall bias was slightly positive. Around seven stocks surged between 50% and 120% during the period. On the flip side, three stocks posted losses of 10% to 40%, held exclusively by a single mutual fund scheme. (Data Source: ACE MF, ACE Equity).

Greenworks Tools is recalling about 554,780 Kobalt-branded yard power tools and lithium-ion batteries after dozens of reports of batteries smoking, sparking or catching fire while charging, according to the U.S. Consumer Product Safety Commission.

The voluntary recall covers select Kobalt 24V and 48V outdoor power equipment sold with USB-C rechargeable batteries, including string trimmers, leaf blowers, lawn mowers, chainsaws, pruning saws, power cleaners and other tools.

The CPSC said charging the lithium-ion batteries through the USB-C port while the batteries remain inserted in the tool can cause the battery to short-circuit, creating a fire hazard that poses a risk of serious injury.

MILLIONS OF PRESCRIPTION EYE DROPS RECALLED NATIONWIDE OVER CONTAMINATION CONCERNS

Greenworks has received 34 reports of recalled batteries producing smoke, sparking or catching fire while they were inserted in a tool and charging through the USB-C port. No injuries or property damage have been reported.

The recalled products were sold at Lowe’s stores nationwide and online at Lowes.com between January 2026 and May 2026. Prices ranged from about $20 for standalone batteries to $482 for complete tool kits.

Only Kobalt products equipped with the recalled USB-C batteries are included in the recall. The affected batteries were sold in 3.0Ah, 4.0Ah, 5.0Ah, 6.0Ah and 8.0Ah capacities. Certain 3.0Ah and 6.0Ah batteries were also sold separately.

KIA ISSUES NEW RECALL OF 460,000 VEHICLES AFTER PREVIOUS FIX TO FIRE RISK FAILED

Consumers should immediately stop charging the batteries through the USB-C port while the batteries are inserted in the tool and contact Greenworks for a free replacement battery.

As part of the remedy, Greenworks will provide replacement batteries without the USB-C charging port, a charger adapter, an updated product manual, a warning label for the tool and a prepaid shipping label to return the recalled battery.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Consumers can register for a replacement by visiting Greenworks’ recall page or contacting the company at 888-266-7096 or recalls@greenworkstools.com.

The recalled products were manufactured in China and Vietnam and imported by Greenworks North America LLC, doing business as Greenworks Tools, of Mooresville, North Carolina.

While the White House has been keen to push the scheme, reaction to it has been split.

The White House’s argument is that Trump Accounts offer millions of children a way into stock ownership in the US, which it says has historically been “unevenly distributed, with many households – especially younger and lower‑income families – having little or no exposure”.

However, Will McBride, chief economist at the Tax Foundation think tank, says the scheme is too complicated to sign up to, which will lead, in his view to a “minority that benefits”.

He suggests those that will take advantage will be the parents of children who are “relatively well-informed, relatively well-off, relatively tuned in [and] have their act together”.

However, Andy Blocker, head of policy, regulatory and government relations at financial services firm Edward Jones, believes the $1,000 contribution for babies born during Trump’s second term in office will remove a “barrier of having nothing to start with”.

“If by year-end more families have a clear on-ramp to begin saving and investing for their children’s financial futures, that’s success,” he suggests.

Adam Michel, director of tax policy studies at the Cato Institute, says the idea of the scheme is admirable, but warns it might “not live up to the rhetoric”.

He says the main benefit is the $1,000 starting subsidy but suggests many families would be better off using existing savings accounts.

He also points out barriers such as penalties for early withdrawal, as seen for other savings accounts, adding that lower-income children may feel compelled to take the money out when they turn 18 to “help make ends meet”, and therefore have to pay a penalty. “Trump Accounts do not fix that problem.”

The Indian stock market recorded strong gains on Friday, with the Sensex and Nifty rising more than 1% each as in-line earnings from IT heavyweight TCS, positive global cues and other factors boosted investor sentiment.

The Sensex jumped 828 points to close at 77,569, while the Nifty 50 advanced over 244 points to end the session at 24,206, extending gains for the second consecutive session. Meanwhile, India VIX, which measures market volatility, fell another 8% to 12.33.

Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and IT, as well as an index strategy for the upcoming week. The following are the edited excerpts from his chat:

Nifty started the week on a strong note, but the resumption of the conflict erased those gains. How do the charts look now, and what are the key levels to watch?

For the fourth consecutive trading session, the benchmark index Nifty continued to exhibit signs of uncertainty. This indecisiveness is clearly reflected on the weekly chart, where the index has formed a small-bodied candle with shadows on both ends for the fourth straight week. Such a candle formation highlights the ongoing tug-of-war between bulls and bears, making this one of the most prolonged phases of indecision witnessed in recent months. But beneath this prolonged indecision, subtle shifts are beginning to emerge that could determine the market’s next meaningful move.

In sharp contrast to the benchmark index, the broader market continues to display remarkable resilience. Both the Nifty Midcap 100 and Nifty Smallcap 100 are significantly outperforming the frontline indices. The Nifty Midcap 100 scaled a fresh all-time high during the week, while the Nifty is still nearly 8% below its lifetime peak. Meanwhile, the Nifty Smallcap 100 is just a stone’s throw away from registering a new all-time high. We continue to believe that the broader market is well positioned to sustain its relative outperformance in the near term.

Coming back to the benchmark index, the Nifty continues to oscillate around its key moving averages, which have flattened due to the prolonged sideways movement. Momentum indicators and oscillators are also echoing the same view. Both the daily and weekly RSI remain range-bound, while the daily ADX has slipped to 12.05 and continues to trend lower, indicating the absence of meaningful strength in either direction.

Going ahead, the 24,500–24,550 zone is likely to act as an important hurdle for the index, while the 23,950–23,900 zone remains a crucial support area. A decisive breakout or breakdown beyond these levels could mark the beginning of the next directional move.

The Nifty IT index rallied sharply after TCS’ earnings. What do the technicals suggest for the sector going forward?

Despite the pullback from the 25,699 low recorded on July 1, the broader technical structure of the Nifty IT Index remains weak. The index continues to trade below its key moving averages on the weekly timeframe, indicating that the primary trend remains under pressure.
From a relative strength perspective, the index has moved from the Lagging quadrant to the Improving quadrant on the Relative Rotation Graph (RRG), suggesting that momentum is gradually building. However, it continues to lack relative strength, indicating that sustained outperformance is yet to emerge. Reinforcing the cautious outlook, the MACD remains below both the zero line and the signal line, highlighting the absence of meaningful bullish momentum.Historically, the 26,200–26,100 zone has acted as a strong demand area. Between June 2022 and April 2023, the index witnessed multiple rebounds from this region, making it a critical long-term support zone.

While intermittent pullbacks and short-covering rallies cannot be ruled out, a meaningful trend reversal is unlikely unless the index decisively reclaims the 29,000–29,100 zone, which also coincides with the previous swing high. Until then, the broader technical bias is expected to remain cautious, with any relief rally likely to face selling pressure at higher levels.

What is your technical view on TCS, Infosys and Kalyan Jewellers? What strategy would you recommend for traders?

TCS: The stock continues to trade below its key short- and long-term moving averages, indicating that the primary trend remains weak. The RSI is hovering in the 40–45 zone, reflecting subdued momentum, while the rising ADX suggests that the prevailing bearish trend is strengthening with no clear signs of a reversal yet. Additionally, the MACD remains well below the zero line, reinforcing the negative bias. As long as the stock trades below the Rs 2,170–2,180 zone, the bearish outlook is likely to persist. Traders should avoid aggressive long positions and wait for a decisive breakout above this resistance before turning constructive.

Infosys: The stock attempted to move above its 20-day EMA on three occasions during the week but failed to sustain higher levels, closing lower each time. The stock continues to trade below its key short- and long-term moving averages on both the daily and weekly timeframes, highlighting the prevailing weakness. The weekly RSI remains below the 40 mark, indicating weak momentum and the absence of strong buying interest. As long as the stock remains below the Rs 1,110–1,120 zone, the bearish bias is likely to continue. Traders should maintain a cautious stance until the stock reclaims this resistance zone convincingly.

Kalyan Jewellers: Shares have registered a fresh consolidation breakout on the weekly chart, backed by a sharp rise in trading volumes, lending credibility to the breakout. The RSI has climbed above the 60 mark, signalling strengthening bullish momentum. The stock has also closed above the upper Bollinger Band, a characteristic often observed during strong trending moves. As long as the stock sustains above the Rs 425–430 zone, the bullish bias is likely to remain intact. Traders may consider buying on dips while maintaining a stop-loss below this support zone.

With the earnings season gaining momentum, should traders focus more on index F&O or stock-specific opportunities? How should they approach the next few weeks?

With the earnings season gaining momentum, we believe traders should focus more on stock-specific opportunities rather than index-based trades over the next few weeks. Over the last couple of months, the broader market has consistently outperformed the frontline indices, with several midcap and smallcap stocks witnessing strong momentum and delivering meaningful breakouts. In contrast, benchmark indices such as Nifty and Sensex continue to trade in a sideways range, reflecting a lack of clear directional conviction.

As earnings announcements gather pace, stock-specific volatility is likely to increase, creating opportunities driven by earnings surprises, management commentary, and sector-specific developments. Therefore, traders should adopt a selective approach and focus on stocks exhibiting strong relative strength, positive price structures, and favorable earnings prospects, as they are likely to offer better risk-reward opportunities than taking directional bets on range-bound indices.

What is the India VIX signalling about market volatility and sentiment for the coming week?

India VIX continues to trade below its key short- and long-term moving averages, indicating that overall market volatility remains under control. Although the volatility index surged nearly 26% on 8th July, when the Nifty plunged over 500 points and triggered a brief wave of panic, it has gradually cooled off over the past two sessions, coinciding with the recovery in the benchmark index.

Since peaking at 28.90 on 30th March 2026 amid heightened geopolitical tensions between the U.S. and Iran, India VIX has been forming a pattern of lower highs and lower lows, reflecting a steady decline in fear and uncertainty. This easing in volatility has provided significant support to the broader market.

Technically, the 10.00–10.30 zone is a crucial support for India VIX. A sustained move below this range would indicate further moderation in volatility and could help the equity markets remain stable. On the upside, the 15.30–15.50 zone is expected to act as the immediate resistance.

Overall, the current trend in India VIX suggests that market sentiment remains constructive, and the broader market is likely to stay steady in the coming week, provided there are no adverse developments that trigger a fresh bout of risk aversion or a short-term knee-jerk reaction.

Which stocks are looking technically strong for next week, and why?

Technically, Godrej Properties, DLF, Prestige Estates, Chennai Petroleum, PNB Housing Finance, and Indian Hotels are looking strong for the coming week. These stocks are exhibiting positive price structures, strong relative strength, and bullish momentum, making them well placed to outperform the broader market in the near term.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Bitcoin traded near the $64,000 mark despite ETF outflows. The crypto market remained resilient, although institutional demand remained inconsistent. The cryptocurrency was trading at $64,147 mark.

In the past 24 hours, Bitcoin was up 0.2% and Ethereum was up 1% to trade at $64,162 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Cardano fell up to 2% whereas Dogecoin was up 0.4%. The global crypto market capitalisation was up 0.1% to $2 trillion, according to CoinMarketCap.

Also Read |Mutual fund SIP stoppage ratio slows to 91% in June as new SIP registrations outpace closures Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin is holding near the $64,000 region despite $95.3 million of net outflows from U.S. spot Bitcoin ETFs on July 9, while Ethereum ETFs recorded $52.2 million of outflows.

Sehgal further said that technically, Bitcoin needs a sustained four-hour close above $64,000 to open the $65,000–$66,800 resistance zone, while a break below $62,300 could expose $61,200.

In the past week, Bitcoin and Ethereum were both up 3% respectively. Among the major altcoins, BNB and Tron were up 1% and 2% respectively. Among the major altcoins, XRP, Solana, Hyperliquid, Dogecoin, and Cardano fell up to 6%.
Nischal Shetty, Founder, WazirX said crypto markets traded in a narrow range this week as Bitcoin recovered from the $60K zone to end near $64K, while Ethereum held around $1,770 with stronger momentum.Renewed spot ETF inflows, improving technical indicators, and rising futures activity supported sentiment, though traders continued watching key support and resistance levels, Shetty further said.

Also Read | Why investors are pouring money into midcap and smallcap mutual funds again

Harish Vatnani, Head of Trade, ZebPay said Bitcoin is still struggling to break above the $64,200 mark despite the recovery from the bottom zone. The daily RSI sustaining above 50 level, indicating that the broader market sentiment is recovering.

The crypto market liquidations total $153 million over the past 24 hours, Vatnani further said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.