Indian Shares End Off Day’s Highs

Indian shares pared early gains to end marginally higher on Wednesday as escalating Middle East tensions raised concerns that the United States and Iran may return to an all-out war.

Markets opened on a positive note and sustained positive momentum during afternoon session after U.S. President Donald Trump backed away from his plan to impose a 20 percent charge on cargo shipments through the Strait of Hormuz and softer-than-expected U.S. inflation data curbed bets for a near-term rate hike by the Federal Reserve.