Indian Markets Set for Weak Open as Oil Prices Rise for Fourth Straight Day

Indian equity markets are expected to open lower on Monday as rising global oil prices weigh on investor sentiment. Brent crude is approaching the $100-per-barrel mark after climbing for four consecutive sessions. The surge in oil prices follows Iran's attacks on US assets, which have heightened geopolitical tensions in the Middle East. Higher crude prices pose an inflationary risk for oil-importing nations like India, putting pressure on the rupee and corporate margins. Benchmark indices Sensex and Nifty are likely to face selling pressure at the opening bell.
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