Thirty-two of the Nifty 50 constituents declined, with Apollo Hospitals , Hindustan Unilever , Larsen & Toubro and Tata Consultancy Services among the top losers. Wall Street equities were mixed on Tuesday, while Asian markets declined. The MSCI's broadest index of Asia-Pacific shares outside Japan losing 1.43%. ($1 = 82.8570 Indian rupees) (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil and Janane Venkatraman)
+919769003463)) (Adds opening levels)
BENGALURU, Feb 15 (Reuters) - Indian shares opened lower
on Wednesday on fears of a prolonged high-interest rate regime
in the United States after data showed consumer inflation in
January remained sticky in the world's largest economy.
The Nifty 50 index was down 0.20% at 17,892.10 as of
9:19 a.m. IST, while the S&P BSE Sensex fell 0.24% to
60,882.93.
Eleven of the 13 major sectoral indices fell, with
fast-moving consumer goods losing nearly 1%.
The high-weightage IT fell over 0.7% after data
showed that retail inflation in the U.S. rose 6.4% year-on-year
in January, above the expectations of 6.2%. Consumer prices rose
0.5% month-on-month.
India's IT firms get a significant share of their revenue
from the U.S.
The overall market sentiment remains that of 'caution', said
Prashanth Tapse, research analyst at Mehta Equities.
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