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Indian shares set to open lower on high oil and Iran risk

Indian shares are set to open lower as oil prices hit 105 dollars amid fragile Iran peace talks. Investors now await domestic retail inflation data for April.

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India's benchmark indices are set to open lower Tuesday morning as GIFT Nifty futures fell to 23,677. The Nifty 50 and Sensex dropped 1.5% and 1.7% respectively during the previous session. Elevated crude prices and fragile Iran talks are weighing on sentiment.

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