“The market mood has suddenly changed after the release of the Fed minutes which indicate steeper rate tightening than what the market had discounted. Now, the focus will be on what the Fed chief Powell will say at the Jackson Hole symposium on Friday,” said V K Vijayakumar of Geojit Financial Services.
Hot Stocks: Brokerages view on Indigo, TechM & Yes Bank; Jefferies downgrades BSE
Jefferies lowered its rating on BSE, while Morgan Stanley upheld an overweight rating on InterGlobe Aviation and Tech Mahindra. Additionally, Kotak Securities advised selling shares