India, June 9 -- Indian shares may drift lower on Wednesday as a recovery in global chipmaking stocks fizzled out, hopes for a U.S.-Iran peace deal faded and investors shifted focus to upcoming U.S. CPI data for valuable insights into market expectations for future interest rates.
Global markets are experiencing volatility as investors rotate out of tech and into more defensive plays.
The U.S. military has launched fresh strikes against Iran in a very strong, powerful response to the downing of a U.S. Army Apache helicopter off the Oman coast.
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