scorecardresearchMarket Wrap: Market ends in the red for 4th consecutive day; inflation, rate hike fears weigh on sentiment

Market Wrap: Market ends in the red for 4th consecutive day; inflation, rate hike fears weigh on sentiment

Updated: 14 Jul 2022, 04:29 PM IST
TL;DR.
  • Rate hikes and sticky inflation has aggravated worries that the US economy may see a recession going ahead which is bound to affect other economies also.
After opening in the green, Sensex fell prey to profit booking and ended 98 points, or 0.18%, lower at 53,416.15. Nifty closed the day 28 points, or 0.18%, lower at 15,938.65. Photo: Unsplash

After opening in the green, Sensex fell prey to profit booking and ended 98 points, or 0.18%, lower at 53,416.15. Nifty closed the day 28 points, or 0.18%, lower at 15,938.65. Photo: Unsplash