{
  "id": 16143887,
  "title": "Indian shares seen opening higher after 3-session drop; oil surge clouds outlook",
  "url": "https://urgent.news/2026/10/23/indian-shares-seen-opening-higher-after-3-session-drop-oil-surge",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T02:42:20.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445580/indian-shares-seen-opening-higher-after-3-session-drop-oil-surge-clouds-outlook"
  },
  "original_language": "en",
  "account": "Indian shares are expected to open on an upward trajectory on Friday, following a three-day decline, though the gains could be short-lived due to a surge in oil prices sparked by heightened tensions in the Middle East. The benchmark Nifty 50 futures stood at 22,830.50 at 7:42 a.m. IST, suggesting a promising start to the trading day for the Nifty 50, which had closed at 22,687.65 the previous day. Both the Nifty and Sensex indices have recorded a decline of approximately 2% throughout the week, with investor sentiment tempered by a rise in Brent crude oil futures to $113.5 per barrel, fueled by apprehensions about potential further energy disruptions following Houthi attacks on top exporter Saudi Arabia. Hitesh Tailor, a technical research analyst at Choice Broking, stated, \"Recent price action indicates that buyers are striving to support lower levels, but sellers continue to materialize on rebounds, maintaining a cautious market bias.\" Asian markets commenced their trading session in the red, adversely affected by tech stocks after a decline in Wall Street equities overnight. The Nasdaq suffered a decline of over 2% as Meta shares experienced a nearly 8% drop, following the Facebook parent's announcement of its first cash outflow in over a decade due to AI-related expenditures. Foreign portfolio investors injected a net of 10.22 billion rupees ($107.79 million) into Indian stocks on Thursday, while domestic institutional investors added a net of 16.14 billion rupees worth of stocks, according to provisional NSE data. Vinod Nair, head of research at Geojit Investments, remarked, \"Domestically, the near-term market direction will hinge on quarterly earnings releases, as investors scrutinize management commentary on demand outlooks for the forthcoming quarters.\" Colgate-Palmolive India is set to be scrutinized following a rise in its quarterly profit, buoyed by demand for its toothpaste portfolio. Meanwhile, Swiggy aims to expand its quick-commerce business, Instamart, after the company disclosed a larger-than-anticipated loss in the September quarter.",
  "summary": "Indian shares are set to open higher on Friday after three sessions of losses, though gains may prove fleeting due to a spike in oil prices on escalating Middle East tensions . GIFT Nifty futures were at 22,830.50 at 7:42 a.m. IST, indicating a positive start for the benchmark Nifty 50, which closed at 22,687.65 on Thursday. Both the Nifty and Sensex indexes are down about 2% so far this week,…",
  "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."
}