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Indian shares set for flat open as oil rises on US-Iran stalemate
Original: Indian shares on track for tepid open as US-Iran stalemate lifts oil prices
Indian stock indexes are expected to open little changed on Tuesday as a deadlock between the United States and Iran over its nuclear programme keeps oil prices elevated. Higher crude weighs on India, a major oil importer, putting pressure on import-dependent companies and inflation expectations, while investors stay cautious ahead of further geopolitical developments.
Why now: Rising oil prices driven by the unresolved US-Iran standoff are weighing on Indian market sentiment, a major concern for an oil-importing economy.
IndiaUnited StatesIranBSE SensexNifty 50
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