Indian shares likely to open higher on lower crude prices, foreign inflow optimism
INDA•Indian shares were expected to open higher on lower crude prices and optimism over foreign inflows, though profit-taking could cap gains. Foreign investors bought more than $4.1 billion of Indian shares so far in November, while Brent fell nearly 1% to $97.5 a barrel.
1. Expected market open
GIFT Nifty futures stood at 25,057.5 at 8:06 a.m. IST, indicating a positive start for the Nifty 50, which closed at 24,986.4 on Sunday. The Nifty 50 and BSE Sensex edged lower in a special Diwali session after a seven-session winning streak.
2. Inflows and crude prices
The benchmark indexes had risen about 10.5% in seven sessions through Friday, their longest winning streak this year. Foreign investors bought more than $4.1 billion of Indian shares so far in November, their biggest monthly inflows since September 2024. Brent crude futures fell nearly 1% to $97.5 a barrel after Donald Trump said he was highly unlikely to order fresh attacks on Iran while talks to end the conflict progress.
