Indian shares track broader Asia lower; energy stocks buck trend – Reuters

Indian shares track broader Asia lower; energy stocks buck trend – Reuters

BENGALURU, June 7 (Reuters) - Indian shares dropped more than 1% on Tuesday ahead of a possible rate decision from the country's central bank, while global investors awaited U.S. inflation data and key rate decisions in Europe.

The NSE Nifty 50 index (.NSEI) was down 0.86% at 16,424.65, as of 0455 GMT, while the S&P BSE Sensex (.BSESN) fell 0.93% to 55,162.38. Both the indexes fell as much as 1.1% in early trade.

Asian shares inched lower with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) falling 0.8% ahead of a slew of global economic data.