Sensex, Nifty plunge over 3% each as inflation, Covid concerns spook investors
Updated: 13 Jun 2022, 02:27 PM IST
- Inflation has emerged as one of the biggest concerns of the market. US inflation surged 8.6 percent last month year-on-year, faster than April’s year-over-year surge of 8.3 percent. This is the sharpest increase in the US inflation in over 40 years (since December 1981).
Experts are of the view that the new term trend of the market may remain negative. Photo Credit: REUTERS/Francis Mascarenhas