Indian shares closed lower on Tuesday, as risk-aversion gripped broader equities over hawkish comments from U.S. Federal Reserve officials, and led to a decline in over-valued stocks such as the Adani Group.
Investors will now focus on Fed Chair Jerome Powell's speech at a panel discussion in Stockholm at 7:30 p.m. IST .
The market will also keep a close eye on inflation data at home and in the U.S., both due on Thursday, to determine rate expectations. "Markets could see a downside in the near term because comments from the Fed officials indicate interest rate could be even more than 5%," said Avinash Gorakshakar, head of research at Profitmart Securities.Public sector banks
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