India, March 10 -- Indian shares may follow global peers lower on Tuesday amid growing concerns about a potential U.S. recession.
Benchmark indexes Sensex and Nifty ended slightly lower on Monday, failing to hold early gains.
The rupee dropped by 36 paise to close at 87.31 against the dollar, after having seen its sharpest single-day fall in two weeks earlier owing to risk-averse sentiment and capital outflows.
Foreign institutional investors remained net sellers and offloaded shares worth Rs 485.41 crore on a net basis Monday, while domestic institutional investors were net buyers to the extent of Rs 263.51 crore, as per provisional data.
Asian markets followed Wall Street lower, with key benchmark indexes in the region falling 1-2 per...