Indian equity benchmarks fell for the fourth session in a row on Wednesday and recorded their worst day in over three weeks after strong U.S. data fueled worries about higher-for-longer interest rates.

Dear Trader… Markets plunged sharply lower and lost over one and a half percent, tracking weak global cues. After the weak start, the Nifty future index gradually drifted lower as the day progressed and slipped below the support zone of long term moving average (200 EMA) on the daily chart