Indian Shares Set For Cautious Open

Indian shares look set to open on a cautious note Monday as traders return to their desks after a long holiday weekend.

Amid concerns over cost pressures and supply chain issues stemming from the U.S.-Iran war, investors await cues from Q1 earnings for direction.

There is some respite on the monsoon front, with the Indian Meteorological Department (IMD) announcing that the southwest monsoon is advancing on time or slightly ahead, covering key southern states and parts of the Northeast.