News > The Sensex plunged 1000 points in trade
The Sensex plunged 1000 points in trade
Good Returns | 24/09/2022 01:27 PM | Click to read full article
US Rate hike to control inflation The US Federal Reserve raised the interest rate by 75 bps for the third straight time, to control inflation. As an immediate reaction markets initially gained absorbing the rate hike.
However, the US Stock markets started to fall. Reflecting the same trend, Asian stock markets, dropped, including Hang Sang, Sensex, and the Nifty.
