Bourse spirals as mart opens
July 22, 2022 0 Comments
The stock index fell a substantial 94.57 points on the opening of trade to 6,255.37 in reaction to the Wall Street plunge.,U.S. stocks were down on Wednesday, 13 June, after that month’s inflation data hit its highest level since 1981, adding to growing fears that the Federal Reserve will get more aggressive in its fight to tame rising prices.,The U.S. consumer price index (CPI) soared 9.1 percent on year, hotter than the consensus. This is the fastest pace for inflation going back to November 1981.