India’s services sector expanded at its fastest pace in six months in May, driven by robust demand, stronger business activity and a recovery in international orders.

The domestic share market traded lower on Wednesday amid rise in crude oil prices and uncertainty surrounding a potential U.S.-Iran peace deal.

The USTR has concluded probes against 60 economies, including India, regarding measures of these economies to prevent the import of goods. 

South Korea has surpassed India to become the world's sixth-largest stock market by market capitalization, fueled by a sharp rally in semiconductor stocks that are benefiting from the global AI boom.

The domestic share market ended higher in a volatile trading session on Tuesday, supported by broad-based buying across most sectoral indices.

India's manufacturing sector expanded at its fastest pace in three months in May, supported by robust domestic demand.