Indian benchmarks muted amid US-Iran truce concerns
Indian benchmarks remained flat as investors monitored a fragile US-Iran truce. Metal stocks rose while HDFC Bank fell amid reports of an internal probe.
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India equity benchmarks rose on Wednesday morning as the UTI NIFTY 50 ETF increased 0.08% to 23,937.90. The UTI BSE SENSEX ETF added 0.11%, though it has fallen 6.6% since the conflict began in late February. Shaky ceasefire negotiations between the United States and Iran keep investors cautious as Brent crude oil traded at $98 a barrel.
