Indian shares are likely to open little changed after sliding to near six-month lows, with rising oil prices and continued Middle East supply concerns weighing on sentiment. Brent crude futures rose 1.34% to $106.7 a barrel amid supply worries linked to the U.S.-Iran conflict. Higher oil prices pose a risk to India, the world's third-largest oil importer, by increasing inflationary pressure, widening the import bill and squeezing economic growth and corporate margins. GIFT Nifty futures stood at 22,819.5 points at 7:51 a.m. IST, pointing to a muted opening for the Nifty 50, which closed at 22,780.25 on Monday. Religare Broking senior vice president of research Ajit Mishra identified surging Brent crude, persistent foreign selling and elevated U.S. Treasury yields as key market overhangs. Foreign institutional investors sold shares worth 53.53 billion rupees, or about $558 million, on Monday, their highest selling in four weeks, while domestic institutional investors bought 51.89 billion rupees of shares, according to provisional exchange data. Adani group companies are in focus after the Securities and Exchange Board of India disposed of proceedings against chairman Gautam Adani and four group companies over alleged public-float violations. The case examined compliance with the 25% minimum public-shareholding requirement and disclosure of promoter-linked holdings; the regulator fined two individuals 2 million rupees each for wrongful disclosures. Tata group companies are also being watched after Tata Trusts proposed merging two group companies with Tata Sons to prevent a listing driven by India's central bank. Coforge, Pidilite Industries, Vikram Solar and NCC also have company-specific developments in focus.