2 top stock recommendations by Sneha Seth

Sneha Seth from Angel One suggests a positive outlook for Nifty and Bank Nifty, advising long positions with a Nifty stop loss at 24,500. PSU banks are performing well, with potential consolidation. Seth recommends buying Federal Bank, targeting 214 with a stop loss at 202, and UPL, targeting 657 with a stop loss at 621.

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Federal Reserve holds rates steady in a divisive vote

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs.