Indian shares continue slide on rate jitters ahead of Fed, RBI minutes

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Key Points

BENGALURU, Feb 22 (Reuters) - Indian shares fell for the fourth session in a row on Wednesday and recorded their worst day in over three weeks after strong U.S. data fuelled worries about higher-for-longer interest rates...

Wall Street posted its worst one-day slump of the year on Tuesday after U.S. business activity returned to expansion for the first time in eight months in February, fuelling fears of continued high rates...

Those worries remain in focus ahead of the release, later in the day, of the minutes of the latest meetings of the U.S. Federal Reserve as well as the Reserve Bank of India...

All the 13 major sectoral indexes fell, with the heavyweight financials (.NIFTYFIN) dropping 1.76% and information technology (.NIFTYIT) losing more than 1%...

Metals (.NIFTYMET) tumbled 2.64% to their worst day in nearly three weeks due to a dip in metal prices and a 10.58% drop in Adani Enterprises (ADEL.NS)...

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