Indian shares seen lower as oil stays near six-month high, Fed in focus

Indian shares are set to open lower on Tuesday, giving back some of the previous session’s gains, as Brent crude prices remained near $115 a barrel and ​investors stayed cautious ahead of the US Federal Reserve’s policy decision later ‌this week.

GIFT Nifty futures were at 22,669.5 at 7:53 a.m. IST, indicating a negative start for the benchmark Nifty 50, which closed at 22,753.2 on Monday.

The Nifty 50 and BSE Sensex rose 0.7% ​on Monday, snapping a four-session losing streak, helped by post-earnings gains in ​select stocks.

Brent crude futures hovered near a six-month high after attacks on ⁠Saudi Arabia dampened hopes for an immediate easing of tensions in the region.

Higher ​oil prices are a negative for India, which imports the bulk of its energy requirements, ​as they can increase inflation, strain its fiscal deficit and hit corporate profits.

US Federal Reserve is expected to hold interest rates steady on Wednesday, before resuming its tightening cycle with a December increase, ​as per a Reuters poll of economists.

“A hawkish signal could lift yields and the ​dollar and restrict emerging-market flows, while balanced guidance may allow the recent equity recovery to broaden,” said ‌Hariselvan ⁠Radhakrishnan, founder and CEO of HST Wealth.

Foreign investors sold Indian shares worth 14.62 billion rupees ($153.60 million) on Monday, as per provisional data. They have offloaded shares worth $4.75 billion so far in October and a record $32.56 billion in 2026.

Asian stocks rose more than 1%, ​lifted by a ​rally in AI-linked stocks, ⁠after Claude-owner Anthropic filed a prospectus for a record-breaking IPO.

India’s lack of large AI exposure has been one of the key reasons ​for record foreign selloff and sharp underperformance of benchmark Nifty 50 ​to emerging ⁠market peers.