BENGALURU, Oct 26 Reuters Indian shares fell on Thursday, dragged by information technology IT stocks after Tech Mahindra39;s disappointing earnings, while rising U.S. Treasury yields intensified fears of interest rates staying higher for longer.

The NSE Nifty 50 index was down 0.95 at 18,940.70 as of 1010 a.m. IST, and the SP BSE Sensex fell 0.89 to 63,475.50.

All 13 major sectoral indexes logged losses. High weightage banks and IT lost 1 and 1.5, respectively.

Tech Mahindra lost more than 3, after it posted its biggest fall in profit in over 16 years.

Adani group stocks lost between 2 and 6, on reports of a probe by India39;s accounting regulator on an EY member firm that audits five group companies. Adani Enterprises shed 3.5 and was the top Nifty 50 loser.

Realty shed over 2, while metals, auto and public sector banks fell over 1 each.

The moredomestically focussed small and midcaps lost over 3 and 2, respectively.

Asian markets fell, with the MSCI Asia exJapan index losing 1.4.

U.S. stocks tumbled on Wednesday as Alphabet shares slid after disappointing earnings and as U.S. Treasury yields rose.

With the U.S. 10year bond yield at near 5, foreign investors are likely to be in sell mode, said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

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