India, May 22 -- Indian shares fell sharply on Thursday as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields.
U.S. President Donald Trump's One Big Beautiful Bill Act, which will transform taxes and other federal policies, is amplifying debt and deficit concerns and pushing 30-year Treasury yields to their highest level in 18 months.
Critics says the mega-bill pairing tax relief with spending cuts would lead to an increase in the U.S. debt and further slow U.S. economic growth.
Investors also awaited greater clarity on tariff negotiations between the U.S. and other major economies, including India.
Markets ended off their day's lows as survey data from S&P Global showed India...