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Indian shares on track for muted open as oil concerns persist, Fed in focus
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 Middle East tensions. Brent crude futures traded around $115 a barrel, easing from a ...
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