Indian shares seen flat as oil surge offsets foreign inflows
In short
Indian shares are expected to open flat because higher oil prices are balancing strong foreign buying. The Nifty has risen 1.1% this week, with about $8 billion coming in during November.
Retail inflation is at 6.09%, and Brent crude has climbed to $95.23 a barrel. That can make investors cautious about the market open.
What the reporting says
Indian shares are likely to open flat as rising oil prices offset strong foreign inflows and recent gains in the market. The Nifty is up 1.1% this week, helped by about $8 billion in November inflows. Retail inflation at 6.09% and Brent crude at $95.23 a barrel add to the cautious tone for equities.
Why it matters
Indian equities are being watched for a flat start as oil strength weighs on sentiment despite strong foreign inflows of about $8 billion in November. The Nifty has gained 1.1% this week. Retail inflation at 6.09% and Brent at $95.23 a barrel support a cautious view on costs and market direction.