Indian Equities Fall Marginally Amid Wobbly US-Iran Peace Talks
Indian benchmarks ended on a flat note on Wednesday as investors turned cautious amid mixed signals coming from the U.S.-Iran talks.Washington and Tehran have been in negotiations to end the war, but recent attacks from the U.S. are now complicating peace efforts.Iran said the U.S. had breached a ceasefire by striking targets near the Strait of Hormuz. In response, the U.S. claimed the strikes were an act of self-defense.At close, BSE Sensex slipped 141.89 points, or 0.2%, to 75,867.81, while Nifty 50 fell marginally to 23,907.15.In corporate news, shares of Gillette India (NSE:GILLETTE, BOM:507815) jumped 6% after reporting its profit rose to 1.93 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.59 billion rupees a year ago.Meanwhile, shares of Goldiam International (NSE:GOLDIAM, BOM:526729) rose marginally after announcing its consolidated net profit climbed to 393.9 million Indian rupees in the fiscal fourth quarter from 270.2 million rupees a year ago.
