India, June 13 -- Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
Iran retaliated by launching more than 100 drones toward Israeli territory, intensifying tensions in the oil-rich Middle East.
That news sent oil prices soaring past $70 per barrel and fueled worries about the outlook for inflation, interest rates and FII flows.
Markets also remained cautious on the U.S.-China trade deal. The specifics of the latest U.S-China framework agreement and details on how it will be implemented re...