While the American central bank is expected to increase interest rates aggressively to bring down inflation, the extent of the hike is what the market is watching. Most market participants expect the Fed to raise rate by 75 basis points. Some even expect a rate hike of 100 basis points in the face of economic readings that point to continued red hot inflation.
The Nifty auto index was one of the worst performing sectors and fell 0.87% and was trading at 16,042.85. In the 15 stock index only