BENGALURU, April 16 (Reuters) - Indian shares opened lower on Tuesday as a slide in information technology stocks on receding bets of early U.S. rate cuts added to investors' concerns over the conflict in the Middle East.
The NSE Nifty 50 was down 0.54% at 22,151.5 as of 9:20 a.m. IST, while the S&P BSE Sensex fell 0.59% to 72,863.72.
U.S.-rate sensitive IT stocks dropped 1%, the most among the major sectors.
Asian markets declined on Tuesday, following a lower close on Wall Street overnight, after stronger-than-expected U.S. retail sales data added to fading expectations of an early Federal Reserve rate cut.
Riskier assets continued to remain under pressure due to geopolitical tensions after Iran launched explosive drones and missiles at Israel on Saturday. (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman and Savio D'Souza)
