One immediate impact of what the US federal reserve has done by pausing the interest rates is that some amount of risk on trade will be back on the table. This essentially means that new age companies, IT sector stocks and metals would be in focus. Of all the sectors it is metals which probably have more tailwinds not because of anything else but one simple reason, the Chinese economy getting back on track. If one looks at the reaction of the street to the US Fed announcement, it is the nifty metal index which after a gap up opening has performed better than many other indices in the first half of the trading session.
