a man looks at a screen displaying budget news on a facade of the bombay stock exchange bse building in mumbai india february 1 2022 reutersfrancis mascarenhas bengaluru june 15 reuters  indian shares were muted in early trade on wednesday with energy and metal stocks down as global investors treaded cautiously in anticipation of aggressive rate hike actions by the us federal reserve later in the day the nse nifty 50 index nsei was down 02 at 156984 by 0408 gmt while the bse index bsesn fell 02 to 526024 analysts expect a 50basispoint hike at the fed meeting later in the day but the possibility of a 75bp raise has grown after fridays higherthanexpected consumer price index cpi data for may read more indias central bank had last week raised the key interest rate by 50 basis points as widely expected in a bid to cool persistently high inflation in asias thirdlargest economy indias wholesale inflation for may saw a 1588 rise in may while retail inflation eased to 704 data showed earlier this week network18 media and investments nefins rose 23 after viacom18 in which network 18 owns a majority stake won digital streaming rights for the indian cricket league ipl from 2023 to 2027 read more shares of one97 communications paytns were up over 2 after the companys average monthly users on its paytm super app rose 48 for two months ending may reporting by tanvi mehta in bengaluru editing by shailesh kuber