Indian shares set for muted start as higher oil prices, Treasury yields weigh

According to Business Recorder, Indian equities were poised for a nearly flat Wednesday opening as costlier crude and rising global bond yields dampened appetite for risky assets. GIFT Nifty futures pointed to a subdued open at 24,202.5 points, while the Nifty 50 ended Tuesday at 24,154.9. The benchmark has now fallen for six consecutive sessions, shedding 1.7% over that stretch.

US President Donald Trump said on Tuesday no talks were under way with Iran and that the Strait of Hormuz stood open, a claim Iran disputed. Dimmer odds of an accord ending the Middle East hostilities, which have run for almost six months, lifted Brent crude to $92 a barrel. Long-term borrowing costs in the United States, Germany and Japan reached their highest levels in decades on Tuesday, amid swelling government debt and geopolitical tensions.

Asian markets fell 1.8% after Wall Street's overnight tech-led losses. Higher US government bond yields leave emerging economies such as India less appealing to overseas buyers, who have sold a record $25 billion of Indian equities in 2026. Provisional data showed foreign investors bought 16.52 billion Indian rupees ($172.66 million) of shares on Tuesday, their second buying session in six days. Investors now await the minutes of the US Federal Reserve's July policy meeting and remarks from Fed Chair Kevin Warsh at the Jackson Hole gathering next week.