Indian shares set to open lower as Middle East tensions raise inflation worries
INDA•Indian shares seen opening lower
July 14 (Reuters) - Indian shares are expected to open lower on Tuesday as tensions in the Middle East continued to unnerve sentiments, lifting crude oil prices to a one-month high and raising inflation worries.
The U.S. military carried out a third consecutive night of strikes against Iran on Monday as President Donald Trump reinstated a blockade of Iranian shipping and proposed charging a 20% fee to guard the Strait of Hormuz.
GIFT Nifty futures GIFc1 were trading at 24,058.5 as of 7:49 a.m. IST, indicating the Nifty 50 .NSEI could open below Monday's close of 24,211.
Foreign flows and stocks to watch
The escalating Middle East conflict propelled foreign investors to end an eight-session buying streak on Monday, offloading Indian shares worth 30.62 billion rupees ($320.23 million).
Stocks in Asia swung between gains and losses on Tuesday. MKTS/GLOB




