scorecardresearchMarket Wrap: Sensex, Nifty back in the red as market rally fizzles out

Market Wrap: Sensex, Nifty back in the red as market rally fizzles out

Updated: 18 May 2022, 04:27 PM IST
TL;DR.
  • As reported by Bloomberg, Federal Reserve Chair Jerome Powell said the US central bank will raise interest rates until there is “clear and convincing" evidence that inflation is in retreat.
Sensex opened 236 points higher at 54,554.89 and touched an intraday high of 54,786 before succumbing to profit booking and ending 110 points, or 0.20 percent, lower at 54,208.53. REUTERS/Danish Siddiqui

Sensex opened 236 points higher at 54,554.89 and touched an intraday high of 54,786 before succumbing to profit booking and ending 110 points, or 0.20 percent, lower at 54,208.53. REUTERS/Danish Siddiqui