Investors lose Rs 7 lakh crore to freefall in Indian markets, with further interest rate hikes on the cards
Shortpedia
Content Team
Image Credit: money control
The US Federal Reserve’s rate hike was in line with expectation and broke the rally of Indian stock markets along with global indices. But the prediction that there are more aggressive rate hikes in store for the year to come, has ensured that Sensex and Nifty continue bleeding cash. The sell off by FIIs has resulted in a 1000 point crash for Sensex, which has wiped out Rs 7 lakh of investors’ wealth.
