Indian Shares End Choppy Session Modestly Lower

Indian shares swung between gains and losses before closing modestly lower on Wednesday.

Multiple headwinds, including a sell-off in defense stocks, elevated crude oil prices and continued FII outflows weighed on markets as an early rally fizzled out.

Higher oil prices kept investors on edge as investors weighed conflicting headlines on efforts to end the U.S.-Iran war.

Iranian President Masoud Pezeshkian said that the United States must end pressure and threats, cease regional pressure, and lift economic sanctions before any negotiations.