Indian shares muted as oil stays near six-month high

Indian shares remained little changed as elevated oil prices near six-month highs and caution ahead of the US Federal Reserve policy decision weighed on investor sentiment. Benchmark indices edged lower while broader markets posted modest gains despite ongoing regional tensions.

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A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas

India shares traded flat during Tuesday morning trade as Brent Crude Oil held near $115 per barrel and the United States Federal Reserve decision approached. The benchmark Nifty 50 fell 0.06% to 22,738.55, while the Sensex shed 0.16% to 73,497.28.