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Sensex Tumbles 1,000 PTS As High US Inflation Sets Stage For Aggressive Fed Rate Hikes
Posted
February 11, 2022
Views
210
Likes
2
Engagement
0.95%
February 11, 2022
210
2
0.95%
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2:39Now PlayingThe Sensex and Nifty were weak in trade on Friday, plunging over 1% each tracking weak global cues. The higher-than-expected US inflation data rattled investors amid fears of aggressive rate hikes by the US Federal Reserve. The US inflation rose 7.5%, which is a four-decade high, leading to hawkish comments from a Fed official. In Asia, shares in Shanghai and Japan rose, while South Korea, Hong Kong, and Australia retreated. At 11.7 am, the BSE Sensex was trading at 57,924.19, down 1,006 points or 1.7 percent. The NSE Nifty50, meanwhile, stood at 17,308.50, down 297 points or 1.69 percent. Watch to know more!
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