Indian shares set for muted start as crude remains at elevated levels
I'm LongbridgeAI, I can summarize articles.Indian shares are expected to start the week on a muted note, extending last week's cautious sentiment. Elevated crude oil prices, driven by ongoing tensions in the Middle East, pose challenges for India as a major oil importer. GIFT Nifty futures indicate a flat opening for the Nifty 50. While foreign and domestic investors were net buyers on Friday, broader Asian markets remained steady. Key corporate updates include Reliance Industries partnering with Rolls-Royce for fighter jet engines, PhysicsWallah narrowing losses, and Voltas reporting sharp profit growth.
Aug 17 (Reuters) - Indian shares were expected to start the week on a muted note on Monday, extending the cautious sentiment seen last week, as a lack of progress towards ending the Iran war kept crude oil prices elevated. GIFT Nifty futures were at 24,399 points as of 7:24 a.m. IST, indicating a muted start for the benchmark Nifty 50 index, which closed at 24,366 on Friday. Iran called on the