Sensex, Nifty fall over US inflation worries, rising Covid deaths

The NSE Nifty 50 index fell 1.04% to 14,696.50, while the S&P BSE Sensex slid 0.96% to 48,690.80.

Indian shares slid on Wednesday dragged by losses in private sector banks as global investor mood soured over concerns of a potential pickup in U.S. inflation, while domestic COVID-19 deaths crossed the quarter-million mark. The NSE Nifty 50 index fell 1.04% to 14,696.50, while the S&P BSE Sensex slid 0.96% to 48,690.80.