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The Sensex and Nifty indices are looking to start sharply lower on Wednesday following a slump in global stocks after the US August retail inflation came higher than expected, cementing bets for the Fed to continue its aggressive rate hikes.
US CPI in August rose 0.1 per cent on a monthly basis, and 8.3 per cent from last year. Economists had expected CPI to fall by 0.1 per cent for the month.
Global markets have spiralled down with the Nasdaq index dropping 5 per cent in the US, and Nikkei and Hang Seng sliding 2 per cent each
US CPI in August rose 0.1 per cent on a monthly basis, and 8.3 per cent from last year. Economists had expected CPI to fall by 0.1 per cent for the month.
Global markets have spiralled down with the Nasdaq index dropping 5 per cent in the US, and Nikkei and Hang Seng sliding 2 per cent each
