The Indian stock market closed flat on Tuesday closed flat in a volatile trading session with the Sensex at 35,216 points and the Nifty at 10,718 points.

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US President Donald Trump said on Tuesday he wasreimposing economic sanctions on Iran and pulling the United States out of an international agreement aimed at stopping Tehran from obtaining a nuclear bomb. The decision is likely to raise the risk of conflict in the Middle East, upset America's European allies and disrupt global oil supplies.

Oil prices pushed higher in early trading on Wednesday after US President Donald Trump walked away from an international nuclear deal with Iran, a move that may curb the OPEC member's crude exports in an already tight market.

Bonds rallied sharply on Tuesday on the statement from a finance ministry official that Reserve Bank of India (RBI) is likely to conduct more open market purchases this year. Latha Venkatesh explains this.

TheUS market, however, erased its losses after US President Donald Trump pulled the US out of the Obama-era Iran nuclear deal. The Wall Street ended mostly flat with Dow Jones and Nasdaq just above the flatline after the announcement.

Among Asian markets, Japan's Nikkei is trading with 0.17% loss at 22,471 points, Korea's Kospi is trading in the red after almost hitting its day's low with a 0.60 point loss at 2,449.21 points while Hong Kong's Hang Seng index is trading at a 56-point advantage at 30,459 points.

Gold prices slipped in early trade on Wednesday, as the dollar regained ground after briefly dipping earlier following US President Donald Trump's decision to pull out of the Iran nuclear deal.

TheNational Highway Authority is likely to push its proposal for floating infrastructure investment trusts in this week's board meeting.

Eicher Motors was among the top gainers in the previous session, ahead of announcing its quarterly earnings today. Jindal Power and Steel will also declare its earnings today.