However, the inflation rate still exceeded analyst expectations, a dynamic that will likely keep the Federal Reserve on its current path to hike interest rates aggressively. The yield on the 10-year US Treasury note, a proxy for interest rates, rose closer to four percent.
Technical Stock Pick: JSW Steel finds support above neckline of 2-year consolidation; should you buy?
Short-term traders can look to buy JSW Steel stock now for a possible target of Rs 860-880 in the next 1-2 months, suggest experts.