Indian markets set to fall as oil prices climb above $100
Indian shares are set to open lower as Brent crude rose to $102 after failed U.S.-Iran talks. Investors are cautious amid high oil prices and foreign outflows.
Xurve View
Insights:
Xurve View
Equity markets in India are expected to open lower on Monday as global energy prices surged following a breakdown in diplomatic discussions between the United States and Iran. GIFT Nifty futures were trading at 23,756.5, suggesting the benchmark Nifty 50 will open approximately 1.2% below its previous close of 24,050.60. This anticipated decline follows a strong performance last week where both the Nifty and Sensex gained about 6% amid brief hopes for a regional ceasefire.
