Indian shares fell notably on Friday, with benchmark indexes Sensex and Nifty snapping their five-day winning streak, as doubts emerged over U.S.-Iran talks aimed at ending the Middle East conflict and Accenture cut its FY26 guidance, sending IT stocks tumbling.
The Swiss Foreign Ministry said that U.S. talks with Iranian negotiators on a pact to end the Middle East conflict have been postponed.
U.S. Vice President JD Vance has delayed his planned trip to Switzerland and Tehran also held back from the planned talks after at least 16 people were killed in Israeli airstrikes across southern Lebanon overnight.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.