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Indian shares seen muted; lenders' earnings take centre stage
Indian shares are likely to open little changed on Monday, with investors assessing the results of top private lenders HDFC Bank and ICICI Bank, while crude prices above $108 a barrel weigh on risk sentiment. GIFT Nifty futures were at 23,131 at 7:49 a.m. IST, indicating a muted start for the benchmark Nifty 50, which closed at 23,146.15 on Friday. The benchmarks Nifty and Sensex rose about 3% last week, their best weekly performances in six months, aided by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying els...
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