India stocks likely to open muted on oil price concerns

• Welspun Enterprises WELS.NS gets orders worth 3.5 billion rupees for rehabilitation of two existing sewer lines from Ahmedabad Municipal Corporation
• Nestle India NEST.NS says its products are fully compliant with applicable regulations after legal action over infant nutrition products
• Abu Dhabi Investment Authority-backed Platinum Jasmine A 2018 Trust is likely to sell about 1.7% stake in eyewear retailer Lenskart LENS.NS for 20.47 billion rupees via block deal, as per media reports

Indian shares were expected to open muted on Monday as elevated crude oil prices kept investors worried about their impact on inflation and interest rates.

GIFT Nifty futures GIFc1 were at 23,338 points, as of 7:49 a.m. IST, indicating a flat start for the benchmark Nifty 50 .NSEI index, which closed at 23,346.4 on Friday.