Indian shares little changed amid oil-linked inflation concerns – Reuters India
- Date: 03-Apr-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Indian shares little changed amid oil-linked inflation concerns – Reuters India
BENGALURU, April 3 (Reuters) - Indian shares were set to open slightly higher on Monday, the first active session of the new financial year, amid rising inflation concerns due to a surge in oil prices after OPEC+'s surprise output cut.
India's NSE stock futures listed on the Singapore exchange were up 0.17% at 17,446.50 as of 8:05 a.m. IST. The Nifty snapped a three-month losing streak on Friday, but the benchmark fell 0.60% in fiscal 2023.
Inflation concerns soured sentiment on a sharp rise in crude oil prices after Saudi Arabia and other oil exporting countries announced a surprise production cut.
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