Indian shares on track for muted open as oil concerns persist, Fed in focus
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian shares are set for a muted open on Monday as high oil prices and US Federal Reserve policy concerns weigh on sentiment.
- ✓The Nifty 50, which closed at 22,600 on Friday, faces pressure after falling last week.
- ✓Investors now watch global trends closely while tracking key corporate earnings reports.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Indian shares are expected to open little changed on Monday as sentiment remains subdued over elevated crude oil prices and their impact on inflation, with investors also focused on the US Federal Reserve's policy decision later this week.
GIFT Nifty futures were at 22,608 at 7:46 a.m. IST, indicating a muted start for the benchmark Nifty 50, which closed at 22,600 on Friday.
The Nifty 50 and BSE Sensex fell 2.4% and 2.2%, respectively, last week, declining in all four sessions on surging oil prices and West Asia tensions.
Brent crude futures traded around $115 a barrel, easing from a near six-month high of $117 after the Indian market close on Friday, though ongoing attacks on Saudi Arabia kept supply concerns in focus. [O/R]
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
mint
Read the full, original unfiltered story directly on the publisher's portal.