U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive, before they returned …
Rakesh Jhunjhunwala stock: Federal Bank shares may rally 13% soon; derivatives, quantitative outlook strong
Rakesh Jhunjhunwala-owned Federal Bank stock could be gearing up for a 13% rally in just three months, analysts at ICICI Direct said in a report. The brokerage firm has picked the banking sector stock as their quant pick, backed by derivative and quantitative data. Federal Bank’s share price is up 26% so far this year …