Indian Shares Seen Higher At Open After Trump's Russia Diesel Deal

Indian shares are expected to open higher on Monday. GIFT Nifty futures were recorded at 22,624.5 at 7:53 a.m. IST, suggesting a positive start following the Nifty 50's Friday close of 22,520.45. This follows a Friday session that snapped the market's longest weekly losing run in 25 years.

Nasdaq Markets reports that the positive outlook comes as a U.S.-Russia deal involving 500,000 metric tons of fuel reaching international markets has raised doubts about the White House imposing new sanctions on Russia. Business Recorder adds that Brent crude futures fell 1.6% to $103 a barrel after President Donald Trump stated that Ukraine and Russia agreed to halt attacks on each other's energy facilities following a U.S. diesel-supply deal with Moscow.

The Business Recorder also notes that the Reserve Bank of India introduced new measures to support the rupee, including tightening hedging rules and redirecting oil companies' dollar purchases away from the spot market. These steps to curb spot-dollar demand and reduce currency volatility are seen as helping to temper inflation and foreign outflows.

Brief written by urgent.news from Nasdaq Markets, Business Recorder — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.