INDIA STOCKS-Indian shares open lower on US fiscal jitters, rising Treasury yields

May 22 (Reuters) - Indian shares opened lower on Thursday as U.S. fiscal worries and higher Treasury yields sapped global investor sentiment.

The Nifty 50 .NSEI was down 0.75% at 24,630.2, while the BSE Sensex .BSESN dropped 0.73% to 80,971.45 as of 9:21 a.m. IST.

All the 13 major sectors logged losses at the open, while the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fell 0.3% and 0.6%, respectively.

IT companies .NIFTYIT, which earn a significant share of their revenue from the U.S., shed 1.5% and led sectoral losses.

Most Asian markets fell in early trade, tracking overnight losses on Wall Street, as yields on 20-year U.S. government debt rose to their highest since November 2023. MKTS/GLOB

Investor sentiment has been fragile since Moody's downgraded the United States' credit rating last Friday amid concerns about the country's ballooning debt pile.

Long-dated U.S. Treasury yields spiked on Wednesday on jitters over the debt burden, with Congress debating a tax and spending bill that could worsen the fiscal outlook.

The bill was approved by the U.S. House of Representatives Rules Committee, setting the stage for a vote on the House floor in the coming hours.