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Reuters

Indian shares seen flat at open as Brent hovers near $97 on Middle East risk

AI Market Summary
Indian equities are set for a muted open after sliding to six-week lows as Brent hovers near $97 on escalating Middle East conflict risk, reinforcing an inflationary impulse for a heavy crude importer. The market is also positioning ahead of Friday's U.S. CPI, which could reshape Fed rate expectations and global risk appetite, typically pressuring emerging-market flows when U.S. yields and the dollar strengthen.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT+2.82%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Indian shares are expected to open little changed on Tuesday after sliding to six-week lows, with sentiment subdued as Middle East conflict risks push Brent crude toward $97 a barrel. India, which imports about 85% of its crude needs, is seen as particularly exposed to higher oil prices that can stoke inflation worries. Foreign investors were net buyers of Indian shares worth 2.8 billion rupees on Monday, snapping a three-session selling streak.
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