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Indian shares on track for tepid open as US-Iran stalemate lifts oil prices
Indian shares were set for a subdued open on Monday, with investors remaining cautious after the benchmark indexes’ longest weekly losing streak since 2020 as oil prices rose following a stalemate in US-Iran peace talks. US President Donald Trump said he has rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting, while Iran insisted on Sunday that only diplomacy can solve its conflict with the United States and Israel. GIFT Nifty futures were at 23,111 points, as of 7:41 a.m. IST, indicating a muted start for the benchmark Nifty 50 index, which closed at 23,140.5 on...
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