scorecardresearchMarket Wrap: Inflation woes hit market hard; investors lose nearly ₹7 lakh crore in a day

Market Wrap: Inflation woes hit market hard; investors lose nearly 7 lakh crore in a day

Updated: 19 May 2022, 04:41 PM IST
TL;DR.
  • Rating agencies have been downgrading the global growth outlook due to higher commodity prices, the Ukraine war, lockdown in China and rate hikes by central banks.
Among the sectoral indices, BSE IT and Teck indices fell more than 5 percent each.

Among the sectoral indices, BSE IT and Teck indices fell more than 5 percent each.