Globe Capital Research Report

The benchmark Nifty index erode two days of gain and ended lower at 17077 levels, down 75 points from its previous closing values after a highly volatile trading session.

Copper prices in London paused its five-day rally on Thursday, as investors weighed macroeconomic risks against the U.S. Federal Reserve's rate hike and market fundamentals, despite a weaker dollar providing some support.

Bullions counter may trade in green as after the U.S. Federal Reserve raised interest rates by an expected 25 basis points and signalled it was on the verge of pausing future hikes in view of recent turmoil in the financial sector. Gold can move in range of 59000-59500 while silver also can move in range of 69200-70200.

US Fed raises rates by quarter point to fight inflation despite banking sector crisis

Gold fell as focus shifting from the banking crisis to the Fed's action.

Bullions counter may trade in narrow range as some investors stayed on the sidelines ahead of the U.S. Federal Reserve’s interest rate decision and policy outlook. Gold can move in range of 58200-58750 while silver also can move in range of 68000-69000.U.S. Treasury Secretary Janet Yellen told bankers on Tuesday the U.S. banking system was stabilizing, but further steps might be needed “if smaller institutions suffer deposit runs that pose the risk of contagion”.