Indian shares track Asian peers lower on rate hike worries
A broker monitors share prices while trading at a brokerage firm in Mumbai January 15, 2019/ Reuters
Indian shares slid on Wednesday, led by losses in technology and financial stocks, while worries that the US central bank will keep raising interest rates dented investor sentiment.
The NSE Nifty 50 index was down 0.47% at 17,572.65, as of 0353 GMT, while the S&P BSE Sensex slipped 0.53% to 58,881.95.
Asian peers also fell as strong US economic data added to expectations the US central bank would not be slowing the pace of interest rate hikes any time soon. Wall Street ended lower on Tuesday.
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In Mumbai, the Nifty IT index and the Nifty Bank index fell as much as 0.9% each.
