The Fed’s latest statement, though only mildly hawkish, appears to be impacting global stock markets more seriously than thought earlier.
If there is a sharp correction in the market, the mid-small caps are likely to be impacted more.
Anand Rathi on TTK Prestige: We maintain our buy recommendation on the stock with an unchanged target price of Rs 9,897, .
Risks: Constrained demand for kitchen appliances, which could impact the company’s domestic business growth prospects.
The Nifty50 after hitting a high above 15900 levels last week is trading around 15600 levels which translates into a fall of about 2 percent.