Indian shares set to open higher as global bond markets steady

Business Recorder reported that Indian equities were poised for a firmer start on Thursday, riding a wider Asian recovery after global bond markets calmed. The steadier mood followed a decision by the US Treasury to double buybacks of long-duration debt, a step aimed at slowing a climb in yields. Asian stock markets rose more than 2%, while US shares also advanced overnight and the dollar weakened.

The benchmark Nifty 50 closed Wednesday at 24,078.3 after seven successive sessions of declines, shedding 2.1% and recording its longest losing streak in 11 months. Pricier oil and higher bond yields had weighed on appetite for riskier assets. Early Thursday, GIFT Nifty futures stood at 24,241 points, pointing to a positive start.

Overseas investors have offloaded a record $24.7 billion in Indian equities in 2026 so far, although they made net purchases worth 4.1 billion rupees on Wednesday, based on provisional figures. Rising Treasury yields reduce the appeal of India and other developing markets for overseas buyers. Brent crude futures were holding near $92 a barrel as traders weighed the US-Iran war and the safety of Strait of Hormuz shipping.