Indian shares tumbled on Friday as traders returned to their desks after a public holiday on Thursday for Ram Navami.

Mixed signals from the United States on its war against Iran kept investors on edge after Tehran rejected a 15-point U.S. ceasefire proposal and reiterated its own conditions such as halting attacks on Iranian officials, guarantees against future assaults, reparations, cessation of hostilities, and sovereignty over the Strait for ending the war.

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