scorecardresearchMarket Wrap: Across the board selloffs sink markets; mid, smallcaps underperform

Market Wrap: Across the board selloffs sink markets; mid, smallcaps underperform

Updated: 26 Jul 2022, 04:35 PM IST
TL;DR.
It is widely expected that the US Federal Reserve will opt for another 75 basis point rate hike on July 27, thanks to soaring inflation which surged to 9.1% in June.
Sensex suffered a loss of 498 points, or 0.89%, on July 26 to end at 55,268.49 while the Nifty closed 147 points, or 0.88%, lower at 16,483.85. Photo: Pixabay

Sensex suffered a loss of 498 points, or 0.89%, on July 26 to end at 55,268.49 while the Nifty closed 147 points, or 0.88%, lower at 16,483.85. Photo: Pixabay