Indian shares to open lower as oil prices jump to 105 dollars
Indian shares are set to open lower as oil prices rose 3.5% after the U.S. and Iran failed to reach a peace deal. Markets also face pressure from FII selling.
India shares are set to open lower on Monday morning as GIFT Nifty futures fell to 24,069, below the Nifty 50's Friday close of 24,176.15. The decline follows a 3.5% surge in Brent crude prices to $105 per barrel. Higher energy costs pressure the world's third-largest oil importer, threatening corporate margins and cooling investor sentiment.
### Why Geopolitical Friction Drives Crude Spikes United States President Donald Trump dismissed an Iran peace proposal as unacceptable on Sunday. Enrich Money CEO R Ponmudi said the move dampens hopes for a diplomatic breakthrough and focuses markets on supply risks.
