Indian shares poised for higher open amid caution over oil, bond stress

Business Recorder reported that Indian equities were poised for a modestly firmer start on Friday, ending a stretch of losses. GIFT Nifty futures traded at 24,311.50 points at 7:52 a.m. IST, pointing to a positive opening for the Nifty 50, which had closed Thursday at 24,231.85. The Nifty snapped a seven-day losing run in the previous session, while the Sensex recovered after four consecutive declines.

Analysts described the mood as guarded. Ankur Punj of Equirus Wealth said short covering after the recent decline could lift prices at the open, but higher crude costs linked to the West Asian conflict keep the mood cautious. Across Asia, markets were up at the open yet still set for weekly losses as turmoil in global debt markets showed no sign of easing. A diplomatic impasse in the Gulf pushed oil to its highest level in a month, raising worries about inflation and energy supplies.

Foreign portfolio investors reversed course and became net sellers after two sessions of buying, with outflows of 5.83 billion rupees, about $61 million. Domestic institutions, by contrast, put 35.38 billion rupees into the market on Thursday, according to provisional NSE data.