Indian shares likely to open higher on easing oil prices, bond yields
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…
Indian stocks are poised for a higher opening on Tuesday, bolstered by lower oil prices and falling bond yields, according to wire reports. The prospect of potential US-Iran negotiations at the UN General Assembly this week has also contributed to investor optimism.
As of 7:45 a.m. IST, Nifty futures were trading at 23,500 points, signaling a favorable start for the Nifty 50 index, which closed at 23,414.3 on Monday. Brent crude futures remained around $101 per barrel, after experiencing four consecutive days of decline until Monday. Meanwhile, the US 10-year yield dipped on Monday.
The Nasdaq achieved a new record high overnight, while Asian stocks mirrored gains in the morning trading session. MSCI's Asia Pacific index, excluding Japan, rose by 1.5%.
Despite a recent escalation in tensions between Iran and the US, President Donald Trump indicated a willingness to engage in discussions with Iranian President Masoud Pezeshkian. Pezeshkian is scheduled to attend the UN General Assembly in New York this week.
On Monday, foreign investors sold Indian shares valued at 5.76 billion rupees ($60.12 million) on a net basis, as per provisional figures. However, this was a seven-session losing streak for foreign investors in Indian equities.
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