Indian Equities Fall on Monday as Ceasefire Talks Fail
Indian equity benchmarks ended lower on Monday after U.S.-Iran talks over the weekend failed to produce a deal.The BSE Sensex dropped 702.68 points, or 0.9%, to close at 76,847.57, while the NSE Nifty 50 fell 207.95 points, or also 0.9%, to settle at 23,842.65.Sentiment weakened after no agreement emerged from weekend talks, held in Pakistan. Meanwhile, the U.S. has also announced plans to blockade the Strait of Hormuz, adding to the investor concerns.Markets remain cautious as a prolonged conflict could keep volatility high, hurting global growth.In corporate updates, Oriental Rail Infrastructure (BOM:531859) secured a 15.7-million-rupee order from Rail Coach Factory, Kapurthala, for supplying seats and berths.Laxmi Organic Industries (NSE:LXCHEM, BOM:543277) has appointed Harshvardhan Goenka as interim chief financial officer, effective April 14.