Indian Shares Face Muted Open on Oil Concerns
Indian shares are poised for a muted open as elevated crude oil prices and Middle East tensions weigh on investor sentiment. Market participants also await the upcoming US Federal Reserve policy decision amid ongoing inflation concerns.
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Xurve View
India shares are expected to open little changed on Monday morning as elevated crude oil prices persist, with investors also eyeing upcoming policy decisions from the United States Federal Reserve. The benchmark Nifty 50 closed at 22,600 on Friday, down from previous sessions amid ongoing supply concerns in Saudi Arabia. Analysts attribute the subdued market sentiment to surging energy costs and their broader impact on inflation.
