Commodities
Oil Price Spike Weighs on Indian Markets Ahead of Fed Decision
Indian markets are set for a soft start on Monday, September 7, as Brent crude prices surge toward $97 per barrel and rising US interest rate expectations weigh on sentiment.
The energy sector is under pressure due to escalating military tensions in the Gulf involving the United States and Iran, with high oil prices posing a significant concern for India's import bill and potential inflation.
Investors will watch how oil prices behave, as any further jump could continue to dampen market sentiment throughout the week.