Investors poorer by Rs 3 trillion; key reasons for today's market fall

The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.

Bear hammering on Dalal Street wiped off nearly Rs 2.6 trillion worth of investor wealth on Thursday as seller came  back on the Street, after a day's break, on the back of the US Federal Reserve's hawkish stance.

The BSE Sensex index tanked over 1,400 points in intra-day deals to hit a low of 56,439 while the Nifty50 slipped below the 17,000-mark and hit a low of 16,867. However, the indices recovered in the fag-end of the session to end 581 points and 168 points down, respecitvely, at 57,277 and 17,110.

In the broader markets, the BSE MidCap and