Indian shares are set for a muted start on Monday, tracking Asian peers, on caution ahead of U.S. and China inflation data as well as the Reserve Bank of India's monetary policy decision due later this week.
Asian equities were subdued, with the MSCI Asia ex-JapanThe Reserve Bank of India will also announce its policy decision on Thursday. The central bank kept rates unchanged in April and June, after hiking them by 250 basis points in the fiscal 2023.losses for two weeks in a row. Foreign institutional investors have turned net sellers of Indian shares for six sessions in a row. FIIs sold 5.56 billion rupees worth of shares on Friday.
"FII trend in domestic equities too could be choppy in the near term," said Shrikant Chouhan, head of research at Kotak Securities.
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