Indian Shares End Range-bound Session Little Changed

Indian shares ended a lackluster session little changed on Monday as uncertainty over the reopening of the Strait of Hormuz overshadowed growing expectations that the U.S. Federal Reserve will not raise interest rates next month.

Brent crude prices remained elevated above $84 a barrel, building on gains of more than 5 percent over the previous three sessions after Tehran stressed that the United States must meet a number of conditions – including compensation, the lifting of sanctions, and an end to military threats – before access to the strategic waterway is restored.