Indian shares seen opening higher after 3-session drop; oil surge clouds outlook
Bullish strength: 35/100
- GIFT Nifty futures indicated a higher opening for Indian shares.
- Foreign portfolio investors bought 10.22 billion rupees of Indian stocks on Thursday.
- Domestic institutional investors purchased a net 16.14 billion rupees worth of stocks.
Bearish strength: 65/100
- The Nifty 50 and Sensex are each down about 2% this week.
- Brent crude rose to $113.50 a barrel amid concerns over energy disruptions.
- Escalating Middle East tensions could sustain pressure on oil prices.
- Higher oil prices have squeezed fuel retailer HPCL's profit margins.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.