India shares seen flat as oil price worries persist
Indian shares were expected to open flat on Monday as elevated crude oil prices kept investors worried about their impact on inflation and interest rates. GIFT Nifty futures indicated a flat start for the benchmark Nifty 50 index.
Sept 21 (Reuters) — Indian shares were expected to open muted on Monday as elevated crude oil prices kept investors worried about their impact on inflation and interest rates. m. 4 on Friday. Last week, the Nifty 50 and the BSE Sensex logged a sixth straight weekly fall, their longest losing streak in six years.
Iran and the United States exchanged new threats on Sunday, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn't make a deal, and the Iranian military saying it would retaliate harshly to any fresh attack. The conflict has looked stalemated for months, with no sign either side was ready for concessions even as it has deepened a global energy crisis, cratered swathes of Iran's economy and spilled over into new regional escalations. 6 per barrel as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tensions in the Middle East.
O/R "Brent crude's retreat offers some relief, but prices remain elevated as the unresolved Middle East conflict leaves the market vulnerable to renewed flare-ups and supply disruptions," said Hariselvan Radhakrishnan, founder and CEO of HST Wealth. 3 billion initial public offering will close for subscriptions later in the day. 55 million) on Friday, according to provisional data, following six straight sessions of net selling. 26 billion.
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