By Bhavik Patel Gold bulls heard what they were waiting for. After 10 consecutive rate hikes the Fed signaled that they may finally enact a pause of further rate increases at the next FOMC meeting in June. According to the CME’s FedWatch tool, there is a 79.5% probability that the Federal Reserve will pause at […]
By Shrikant Chouhan The benchmark indices recovered sharply from the day’s lowest levels in the previous trading session. The Nifty 50 index ended 120 points higher while the BSE Sensex gained 350 points. Among sectors, metal stocks outperformed as a result metal index rallied over 4 per cent whereas Bank Nifty and Auto indices remained […]
By Sameet Chavan On Tuesday, US markets extended their losses but yesterday morning (Thursday) we saw some recovery in Dow futures and Asian bourses also looked cheerful. Despite this, our markets started correcting after a flat start. Barring a small recovery in the first hour, we witnessed continuous selling pressure thereafter. In fact, post the mid-session […]