{
  "id": 15992947,
  "title": "Indian shares seen opening lower as high oil prices fuel inflation worries",
  "url": "https://urgent.news/2026/10/22/indian-shares-seen-opening-lower-as-high-oil-prices-fuel-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T02:45:56.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445407/indian-shares-seen-opening-lower-as-high-oil-prices-fuel-inflation-worries"
  },
  "original_language": "en",
  "account": "Indian stock markets are set to start lower on Thursday, with losses mounting from the last two trading days, as the ongoing Middle East conflict maintains oil prices above $110 per barrel, raising inflation fears. The GIFT Nifty futures were quoted at 22,643 at 7:55 a.m. IST (0225 GMT), suggesting a poor opening for the Nifty 50, which finished at 22,811.35 on Wednesday. Brent crude futures rose 1.3% to $110.3 per barrel after additional assaults in Saudi Arabia by Yemen's Houthis led the United States to ask certain diplomats and relatives to depart from their missions in the country. Higher oil costs pose a challenge for India, as the majority of its energy needs are imported, potentially raising inflation, straining its fiscal deficit, and impacting corporate earnings. Certain members of India's rate-setting body suggested that more interest rate hikes might be required to tame inflation but refrained from endorsing an aggressive tightening cycle due to concerns about economic expansion, as indicated by the minutes of the committee's meeting published on Wednesday. The Nifty 50 and BSE Sensex have dropped 1.5% and 1.4%, respectively, over the past week. In the meantime, foreign investors purchased Indian shares worth 10.22 billion rupees ($108.19 million) on Wednesday, according to preliminary data, marking their second buying day in three. The emphasis will remain on Jio Platforms' initial public offering, which was completely subscribed within a few hours of its launch on Wednesday, as institutional investors flocked to India's largest offering.",
  "summary": "Indian shares are expected to open lower on Thursday , extending losses from the previous two sessions, as the escalating Middle East war keeps oil above $110 per barrel, stoking inflation concerns. GIFT Nifty futures were at 22,643 at 7:55 a.m. IST (0225 GMT), indicating a negative start for the benchmark Nifty 50 which closed at 22,811.35 on Wednesday. Brent crude futures were up 1.3% at $110.3…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}