Domestic equities fall as US inflation worries make Asian markets nervous

The NSE Nifty 50 index fell 0.91% to 14,806.65 by 9:21 am, while the S&P BSE Sensex dropped 0.91% to 49,051.58. The blue-chip indexes have gained around 3% and 2.5%, respectively, over the last four sessions.

Indian shares fell on Tuesday after four straight sessions of gains, dragged down by losses in financial and metal stocks, as Asian peers retreated on worries that accelerating U.S. inflation could lead to interest rate hikes sooner than expected. The NSE Nifty 50 index fell 0.91% to 14,806.65 by 9:21 am, while the S&P BSE Sensex dropped 0.91% to 49,051.58. The blue-chip indexes have gained around 3% and 2.5%, respectively, over the last four sessions.