---
title: "Indian shares set for muted start as crude remains at elevated levels"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296047078.md"
description: "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."
datetime: "2026-08-17T02:32:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296047078.md)
  - [en](https://longbridge.com/en/news/296047078.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296047078.md)
generator: "portal-rs"
---

# Indian shares set for muted start as crude remains at elevated levels

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

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**