India, July 13 -- Stocks may open with a negative bias on Bay Street Monday morning amid renewed fears about inflation and interest rates as oil prices are up sharply following the U.S. launching fresh strikes against Iran and the latter responding by attacking Gulf Arab states.
Energy stocks may move up, riding on higher oil prices. Materials stocks are likely to find the going a bit tough due to falling precious metals prices. With major U.S. banks scheduled to report their quarterly earnings this week, the mood is likely to remain cautious.
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