India, June 19 -- Indian shares fluctuated before ending on a flat note Thursday. A cautious undertone prevailed as investors reacted to hawkish commentary from the Federal Reserve and rising tensions in the Middle East.
At the end of a two-day policy meeting on Wednesday, the U.S. central bank left interest rates unchanged but warned about higher inflation and slower economic growth in the months ahead.
On the geopolitical front, speculation grew over a possible U.S. involvement in the Israel-Iran conflict.
It is feared that a direct U.S. involvement in Israel's escalating air assault could trigger a wider regional conflict and impact the energy infrastructure in the West Asia region.
A U.S. attack on Iran would "radically destabilize ...