scorecardresearchMarket Wrap: Inflation, rate hike worries hit the market hard; investors lose nearly ₹7 lakh crore in a day

Market Wrap: Inflation, rate hike worries hit the market hard; investors lose nearly 7 lakh crore in a day

Updated: 13 Jun 2022, 04:40 PM IST
TL;DR.
  • Markets ended sharply lower. Sensex suffered a loss of 1457 points, or 2.68 percent, to end at 52,846.70 while the Nifty closed the day at 15,774.40, down 427 points, or 2.64 percent.
The BSE Midcap index mirrored the Sensex, falling 2.73 percent while the smallcap index cracked 3.15 percent. REUTERS/Danish Siddiqui

The BSE Midcap index mirrored the Sensex, falling 2.73 percent while the smallcap index cracked 3.15 percent. REUTERS/Danish Siddiqui