Indian shares struggle for direction after recent selloff

Indian shares traded flat on Wednesday as investors attempted to stabilize following a steep two-day market decline. Sustained foreign selling and rising oil prices continued to weigh on overall market sentiment.

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The Bombay Stock Exchange logo is seen under a bull statue at the entrance of their building in Mumbai, India January 30, 2018. REUTERS/Shailesh Andrade

India shares struggled for direction during Wednesday morning trading as sector rebounds offset persistent foreign selling and rising oil prices following diplomatic tensions involving the United States and Iran .

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