Indian shares set for muted start on oil caution
I'm LongbridgeAI, I can summarize articles.Indian shares are set for a muted start as firmer crude oil prices curb risk appetite, offsetting support from strong corporate earnings and foreign buying. GIFT Nifty futures indicate a flat opening for the Nifty 50. Oil prices rose 5% to $87.7/barrel amid fading U.S.-Iran peace hopes, posing inflation risks for India. Foreign investors bought $1.5 billion in August stocks. Key developments include dismissed charges against Gautam Adani, Wipro's replacement in Nifty 50 by BSE, and mixed quarterly results from Gland Pharma, Zee, Bharat Electronics, and Vodafone Idea.
Aug 11 (Reuters) - Indian shares were set to open little changed on Tuesday as firmer crude oil prices curbed risk appetite, offsetting support from stronger corporate earnings and renewed foreign buying. GIFT Nifty futures were at 24,614 points, as of 7:49 a.m. IST, indicating a muted start for the Nifty 50, which closed at 24,583.80 on Monday. Oil prices steadied after rising 5% on Monday to a