Indian shares likely to open higher on easing oil prices, bond yields
- GIFT Nifty futures were at 23,500 points
Indian shares are set to open higher, driven by positive global cues, easing crude prices, and lower Treasury yields, with potential US-Iran talks also influencing sentiment.
- Indian market performance and Nifty 50 trends.
- Global market gains and easing crude oil prices.
- Potential US-Iran talks at the UN General Assembly.
Indian shares were likely to open higher on Tuesday, following gains in Wall Street and Asian stocks, as easing crude prices and Treasury yields supported investor sentiment ahead of potential US-Iran talks at the UN General Assembly this week.
GIFT Nifty futures were at 23,500 points, as of 7:45 a.m. IST, indicating a positive start for the benchmark Nifty 50 index, which closed at 23,414.3 on Monday.
Brent crude futures hovered around $101 per barrel, after dropping for four consecutive sessions until Monday, while the benchmark US 10-year yield fell on Monday.
The Nasdaq notched a record high overnight, and Asian stocks mirrored gains in the morning trade. MSCI’s broadest index for Asia Pacific stocks outside Japan rose 1.5%.
Iran and the US exchanged threats on Sunday, though President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the UN General Assembly.
India’s benchmark Nifty 50 has risen 1.3% in the last four sessions on easing oil prices and bargain buying after recent losses.
Foreign investors sold Indian shares worth 5.76 billion rupees ($60.12 million) on a net basis on Monday, as per provisional data. They have been sellers in seven of the last eight sessions.