Indian Shares Seen Higher As Oil Prices Tumble On US-Iran Truce Hopes

Source Summary

Indian shares may open on a positive note on Monday after oil and U.S. Treasury yields pulled back on Friday, helping ease inflation and interest-rate concerns. Bent crude futures slumped nearly 6 percent below $93 a barrel in Asian trade today after the United States and Iran paused strikes against each other for a second day, helping ease concerns over a broader conflict and supply disruptions in the Middle East.