Indian Shares Tumble As HCL Tech Q4 Results Disappoint

Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment.

U.S. President Donald Trump has announced a unilateral indefinite extension to a two-week ceasefire until Tehran submitted a “unified proposal” and “discussions are concluded one way or the other.”