Indian Shares Likely To Drift Lower On Bond Market Jitters

Indian shares are seen opening lower on Wednesday after U.S. Treasury yields hit multi-year highs on growing concerns about inflation and the outlook for interest rates and economic growth. Oil prices remain elevated above $110 a barrel, raising concerns that the U.S. Federal Reserve will raise borrowing costs later this year. Traders also await cues from Nvidia Corp.’s earnings and guidance later…