India shares are set for a muted start on Monday as concerns of rising oil prices and delayed monsoon weigh on the economy.
Moreover, markets sentiment also turned cautious after India has decision to hike tariffs on 29 US products from June 16 in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products.
Asian shares also traded flat ahead of the monetary policy decision of the US Federal Reserve on June 19.
At 7.25 AM, the SGX Nifty futures traded 0.01 percent lower at 11,830, indicating a flat start for the Sensex and the Nifty 50.
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