Sensex crashes 1,457 points as scorching US inflation jolts global markets; investors poorer by Rs 6.64 lakh cr

Sensex crashes 1,457 points as scorching US inflation jolts global markets; investors poorer by Rs 6.64 lakh cr

Dalal Street sank in a sea of red on Monday, mirroring a meltdown in global equities, as investors braced for steeper rate hikes by the Federal Reserve after US consumer inflation soared to a four-decade high.