India, June 17 -- With the Israel-Iran conflict raging unabated, sentiment weakened broadly, dragging down the FTSE 100 benchmark of the London Stock Exchange. Markets are also bracing for the inflation update due on Wednesday as well as Bank of England's interest rate decision scheduled for Thursday.
The FTSE 100 oscillated between 8,875.22 and 8,809.91 even as markets anticipate a softening in consumer price inflation. Looming war clouds as well as the assessment that Bank of England would not ease rates this time weighed heavily on sentiment. The index had closed at 8875.22 on Monday.
The benchmark index of the London Stock Exchange is currently trading at 8,842.15, having shed 0.37 percent on an overnight basis.
In the 100-scrip inde...