Indian shares are expected to open higher on Monday as crude oil prices fell. The market showed optimism due to strong foreign inflows, which reached over $4.1 billion in November. While recent gains might lead to profit booking, the benchmark indexes recently jumped 10.5% during a long winning streak.
Nov 9 (Reuters) - Indian shares are expected to open higher on Monday on a drop in crude oil prices and on optimism over foreign inflows, although the rise could be capped by potential profit booking after recent gains.
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The benchmark indexes jumped about 10.5% in seven sessions till Friday, their longest winning streak this year, supported by strong foreign inflows on easing oil prices and unwinding of global AI trade.
Foreign investors bought have Indian shares worth over $4.1 billion so far in November — already their biggest monthly inflows since September 2024.
Brent crude futures dropped nearly 1% to $97.5 per barrel, after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran while talks to end the conflict progress.