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Gold prices jumped 2% on Wednesday after the Fed raised interest rates, but indicated it might pause further increases in borrowing costs after the recent collapse of two U.S. banks.

Global markets have been volatile, with bank shares battered in the past two weeks following the sudden failures of two U.S. lenders an emergency sale of embattled Swiss banking behemoth Credit Suisse.

The government has proposed to sell 5.852 million shares representing 1.75% of equity capital, with a green shoe option of another 5.852 million shares in the event of the oversubscription. Non-retail investors can subscribe to the offer on Thursday and retail investors on Friday.

It formed Higher Highs and Higher Lows on the long-term chart and is trading close to 52-week highs. It is advised to keep a bullish outlook and to buy at the support level of 3200-3250 with a stop loss of 2990. On the higher side, 3600+ levels are possible.

"The daily momentum indicator triggered a fresh positive crossover on Wednesday, which is a buy signal. Also, we believe that the pullback is not yet complete and we expect it to continue over the next few trading sessions," Gedia said.

Investors who understand the business models of companies and see a clear path to profitability and revenues over the next few years should invest in high-growth companies like Zomato, Paytm and PolicyBazaar, says Nilesh Shah, CEO of Envision Capital. Shah believes such businesses are on track to become hyperscalers in India, and highlights PolicyBazaar, which aims to reach profits of INR10bn ($134m) by 2027, as a stock that could become a compounder with high annualised returns

Momentum indicators RSI and MFI are in a medium range at 41.5 and 60.7, respectively according to Trendlyne. A number below 30 indicates that the stock is trading in the oversold territory while above 70 it is in the overbought zone.

Options trading can improve risk-adjusted returns for investors, says Rakesh Pujara, Founder of Compounding Wealth Advisors. Multiple strategies that are non-correlated help to protect and reduce risk on returns instead of a single strategy. Pujara also advises people with smaller capitals to invest in SIPs or mutual funds, whilst those with larger capital should explore multiple strategies in options to mitigate risk.

Equity markets globally have turned volatile in the fallout of Silicon Valley Bank and Credit Suisse crises, with some investors adopting a cautious stance that could put further pressure on the markets. Although the situation is getting resolved, the events of the past few weeks have highlighted to companies that they need a professional treasury management function.

The stock has given a breakout above 50 EMA.